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Electronic Arts' acquisition of VG Holding Corporation for $860 million has now been completed, meaning that highly-rated studios BioWare and Pandemic have now officially become part of the EA label. The deal was originally announced last October in an attempt to fill up a gap in EA's RPG, action and adventure genres. BioWare bosses and co-founders Ray Muzyka and Greg Zeschuk have been nameds as EA vice presidents and co-general managers. Pandemic's Andrew Goldman and Josh Resnick have each been named vice presidents of EA and co-general managers, while Greg Borrud has been named vice president of EA and chief production officer of Pandemic.
Electronic Arts Inc. 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.