EA Owns Digital Illusions
Electronic Arts acquires Digital Illusions, development team and creators of the Battlefield game franchise. Located in Stockholm, Sweden, Digital Illusions becomes a fully integrated EA studio dedicated to growing the Battlefield franchise and developing new products for the PC, next generation consoles and other new platforms. The acquisition is effective immediately. Patrick S?derlund, Digital Illusions CEO, will become an EA Studio General Manager, maintaining responsibility for the Digital Illusions studio and taking on additional creative responsibilities. The Digital Illusions leadership team will continue in their roles in Stockholm. The acquisition was completed via a merger through which EA acquired the assets and liabilities of Digital Illusions. Digital Illusions shareholders, representing approximately 2.6 million shares, will receive SEK 67.50 per share in cash, to be paid out on October 16, 2006.
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