EA’s Bioware/Pandemic purchase brings record stock highs
October 15th, 2007
EA’s share prices have risen sharply with the company’s acquisition of Bioware/Pandemic. After the announcement the stock price rose $2.48 to a trading price of $61.17, a 52-week high. EA purchased the merged company from Elevation Partners for $860 million.
Interestingly EA’s CEO, John Riccitiello has close links with both companies as he was co-founder of Elevation Partners and CEO of BioWare/Pandemic parent VG Holding.
Bioware/Pandemic currently employ 800 staff.
via Next Generation
