Electronic Arts Holding AB (”EA”) (Nasdaq:ERTS – News) today declared
its decision to waive one of the conditions in its offer to the shareholders of
Digital Illusions CE AB (publ) (”DICE”). The offer had previously been
conditioned upon EA becoming the owner of more than 50 percent of the total number
of shares representing more than 50 percent of the capital and votes in DICE after
dilution upon exercise of employee warrants outstanding under the option program
launched in 2002. Even though the extended acceptance period has not yet expired
and the calculation of the outcome of the offer has not yet been made, EA has
decided to waive the above-mentioned condition for the offer.

This means that EA will acquire all the shares tendered in the offer, regardless
of whether EA reaches the 50 percent threshold (assuming that the acquisition
is not hindered or rendered more difficult by circumstances beyond EA’s control).

The acceptance period will end on January 20, 2005, and EA does not intend
to extend it any further. Payment to shareholders that have tendered, or will
tender their shares before the acceptance period expires, is expected to be
distributed beginning on or about January 27, 2005.

The other terms and conditions of the offer remain unchanged.

EA reserves the right to acquire additional shares of DICE in the market.

About Electronic Arts

Electronic Arts (EA), headquartered in Redwood City, California, is the world’s
leading interactive entertainment software company. Founded in 1982, EA posted
revenues of USD 2.96 billion for the fiscal year ended March 31, 2004. The company
develops, publishes, and distributes interactive software worldwide for video
game systems, personal computers and the Internet. In 2003, EA had 27 titles
that sold more than one million copies. EA markets its products under three
brand names: EA SPORTS(TM), EA GAMES(TM) and EA SPORTS BIG(TM).

For more information, visit EA’s homepage and online game site at http://www.ea.com.

About Digital Illusions

Founded in 1992, Digital Illusions is an award-winning developer of interactive
entertainment based in Stockholm, Sweden, with offices in New York and London,
Ontario Canada. The company has more than 200 employees and develops games in
basically all existing platforms. Recent titles include Battlefield 1942 (elected
Game of The Year) and Battlefield Vietnam for Electronic Arts, RalliSport Challenge
1 & 2 for the Microsoft Xbox. Digital Illusions’ Series A share is listed
on Nya Marknaden (an unofficial marketplace where smaller companies’ shares
can be traded in the Stockholm Stock Exchange’s trading system, SAXESS) under
the symbol DICE A.

For more information, visit Digital Illusions’ homepage at http://www.dice.se.

Filed under: XBS

Like this post? Subscribe to my RSS feed and get loads more!