Site Meter 1P Start » Blog Archive » Millions of gamers cried out in terror… and then were suddenly silenced…

Millions of gamers cried out in terror… and then were suddenly silenced…

by JW


Gamers of the world, today marks a dark, sad day. Through a press release issued today, publishing juggernaut Electronic Arts has announced that it has purchased both BioWare Corp. and Pandemic Studios. Considering the lackluster quality of titles to come from EA in recent years, this is heartbreaking news.

By the way, this officially strikes the KotOR 3 rumors dead.

Full press release after the break.

EA To Acquire BioWare Corp. and Pandemic Studios

Leaders in RPG, Action and Adventure Genres; Ten Franchises in Development - Six Wholly Owned

REDWOOD CITY, Calif.-(BUSINESS WIRE)-Electronic Arts Inc. (NASDAQ:ERTS) today announced an agreement with Elevation Partners to acquire VG Holding Corp. — the owner of both BioWare Corp. and Pandemic Studios. This acquisition gives EA a strong competitive position in key genres in interactive entertainment: action, adventure and role-playing games. The two studios have been recognized for creating some of the highest-quality games in the industry.

BioWare Corp. and Pandemic Studios have ten franchises under development, including six wholly owned games. BioWare Corp. is currently developing the highly anticipated Mass Effect, which will be published by Microsoft in November, and is in the early development stages of a massively multiplayer online game. Pandemic Studios is redefining open-world games with its upcoming Mercenaries 2: World in Flames™ and Saboteur™, in addition to several unannounced projects.

Pandemic Studios and BioWare Corp. employ roughly 800 people across four studios located in Edmonton, Canada; Los Angeles; Austin; and Brisbane, Australia.

“These are two of the most respected studios in the industry and I’m glad to be working with them again. They’ll make a strong contribution to our strategic growth initiatives on quality, online gaming and developing new intellectual properties,” said John Riccitiello, EA’s Chief Executive Officer. “We also expect this will drive long-term value for our shareholders.”

Pandemic Studios is led by Andrew Goldman, Josh Resnick and Greg Borrud. BioWare Corp. is jointly led by Greg Zeschuk and Ray Muzyka. These teams will join the EA™ Games Label run by Frank Gibeau, President of EA Games.

“Pandemic Studios remains focused on attracting the best talent and creating blockbuster action games,” said Josh Resnick, President and Co-founder of Pandemic Studios. “As a worldwide publishing leader, EA represents the ideal partner to bring our titles to market as global entertainment events.”

“We are truly excited by John Riccitiello’s new vision for EA,” said Ray Muzyka, Co-founder and CEO of BioWare Corp. “This vision is consistent with BioWare’s focus on crafting the highest quality story-driven games in the world. It will enable us to further the careers of the passionate, creative and hard working teams at BioWare Edmonton and BioWare Austin.”

EA will pay up to $620 million in cash to the stockholders of VG Holding Corp. and will issue up to an additional $155 million in equity to certain employees of VG Holding Corp., which will be subject to time-based or performance-based vesting criteria. EA will also assume outstanding VG Holding Corp. stock options. In addition, EA has agreed to lend VG Holding Corp. up to $35 million through the closing of the acquisition.

This is… wow. I need to scrub myself clean now… I mean, yeah, from EA’s standpoint this is a glorious deal. But for us, the gamers… fuck, man… fuck…

, ,

Did You Enjoy this Post? Subscribe to 1P Start. It's Free!

4 Responses to “Millions of gamers cried out in terror… and then were suddenly silenced…”

  1. Ron Says:

    Ugh, awful.

  2. PacoDG Says:

    Mass Effect is being published by Microsoft, so at the least, the first of the Trilogy won’t be tainted by having to be made to go cross platform (unless Microsoft has secured the rights for publishing the 2nd and 3rd in the series).

  3. Bowchickawowow Says:

    A dark day for gamers everywhere….

  4. 1P Start » Blog Archive » EA Wants Take-Two for $2 Billion Says:

    […] mean for us? I honestly cannot tell the future on this one. The obvious way of thinking is “NOOOO.. NOT EA!!!!!!!” …and I am trying to find reasons to put a counter argument as to why it would be for […]

Leave a Reply

Comment moderation is enabled. Your comment may take some time to appear.

About 1P Start is your ultimate resource in knowing all things gaming. Whatever your choice in console, we're sure to cover it. Along with exciting contests, reviews, previews, trailers and screenshots, 1P Start has got it all! So make sure to hit 1P Start!

1P Start Author(s)
    » PacoDG
    » Dave-Parrack
    » Paul

Blogging Flair

Join Now Tell Em 1PStart Sent Ya Join Now Tell Em 1PStart Sent Ya

eXTReMe Tracker

Gaming Channel Posts

  • Should "Legacy" Items Be Allowed?
    I'll be honest, before I read this quote from a recent interview with Blizzard employee Tom Chilton, I didn't even know what a legacy item meant. After doing a little bit of research however, it [...]
  • EA Borrows $1 Billion For Hostile Take-Two Bid
    Electronic Arts desperately wants to acquire Take-Two Interactive. It already wanted it before Grand Theft Auto IV was released but now that the game has made $500 million in its first week on [...]
  • Wii Balance Board Facts
    Thinking about buying a Wii balance board? Here are a few quick facts about the balance board to help you make your decision. Weight Capacity 300 lbs. Batteries 4 AA batteries that last up [...]
  • Wii Fit Event
    Wii Fit is shaping up to be one of the bigger 'game' releases this spring for Nintendo as some stores have already sold out of their pre-order allotment. Wii Fit is scheduled to be released May 19th [...]
  • Speed Racer
    So, who will be racing to the theater to see Speed Racer? How about to buy the video game now available for the Wii? Speed Racer the video game is now available in the United Kingdom. The [...]
  • Rock Band DLC Update: Week of 05-05-08
    Feeling emo? Or do you feel like rocking out to songs that drive the teens in Hot Topic crazy? Well, this week's Rock Band songs are just what you are looking for then. The songs are available as [...]
  • Protothea
    Anyone else excited about the launch of WiiWare? Here is another title to look forward to. Protothea is from UbiSoft and is a 3D top-down vertical side scrolling shooter game. Players will be in full [...]
  • South Park and Harmonix Team Up For Rock Band?
    There's a rumor going around that in the next South Park DVD release (volume 11) will feature some downloadable songs for Rock Band. This rumor came about from some retailers who received [...]
  • Are the Bioshock Elves Working On X-Com: UFO Defense?
    In the latest edition of The Official X-Box Magazine a rumor that should get both fans of Bioshock and fans of the classic PC (and PSX) game X-Com: UFO Defense in a tizzy. Bioshock creator Ken [...]
  • Shocker - GTA IV Didn't Kill 'Iron Man' Movie Opening
    Last week saw various media types getting themselves in a tizzy over the so-called clash between the release of Grand Theft Auto IV last Tuesday, and the long awaited Iron Man movie starring [...]

Hot Off The Press

  • Grab a Bunch for Your Kidneys
    Eating four of these a week can cut your kidney-cancer risk in half. Hint: You need to peel it. Yep, we're talking bananas. They're bursting with phenolic compounds that appear to thwart [...]
  • Should "Legacy" Items Be Allowed?
    I'll be honest, before I read this quote from a recent interview with Blizzard employee Tom Chilton, I didn't even know what a legacy item meant. After doing a little bit of research however, it [...]
  • 2008 CFA Cat Shows
    I hope everyone had a lovely weekend! Spring is in full bloom, and cat shows are too! So, without further ado, here are the listings for the CFA (Cat Fancier's Association) for the remainder of 2008, [...]
  • Weigh In 14
    Hi all! Welcome back to Monday weigh in here on Finally Getting Fit. I didn’t weigh in last week because it was my first wedding anniversary, but now it’s time to face the music and see what kind [...]
  • Jenna Bush Wedding Look
    It pisses me off to no avail when people bash a politician's child for the mere fact that they are a politician's child. That said, look how gorgeous Jenna Bush was at her wedding this Saturday, [...]
  • Indiana Jones Lego Contest
    Over on the Lego blog Klocki they have a neat Indiana Jones themed Lego contest going. For the contest details, head on over there. The prizes include a couple of free sets. The best prize is a [...]
  • Will Beth Ehlers Leave Guiding Light?
    Ever since her co-star Ricky Paull Goldin (ex Gus) decided to leave Guiding Light there have been rumors that Beth Ehlers (Harley) will also soon leave the soap. As of right now Ehlers has [...]
  • Survivor: Micronesia- "Stir The Pot"
    We figured since there is nothing else on Sunday nights even worth mentioning that we'd get the Survivor finale out of the way. The title refers to the women supposedly being witches, thus they are [...]
  • Advice Through Astrology: Boys Just Want to Have Fun
    May 12. 2008 Reader's Question: I read your answer to another woman and I felt some similarities in my situation. I have recently broken up with my boyfriend of 10 months. It's a bit deja [...]
  • Speed Racer Reviews starring Matthew Fox
    Photo: Matthew Fox arrives at Speed Racer premiere How did Matthew Fox's latest film do after it opened in theaters this weekend? It failed to crush down Iron Man, and received mixed reviews. [...]