PS2 News: EA Completes Deal For DICE - PS2 News

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EA Completes Deal For DICE

Ea has completed it's deal with the shareholders of Digital Illusions CE "DICE", and now owns a controlling share of the company.

Together with the 18.9% of the outstanding capital and votes already held by EA, EA now holds a total of 6,044,720 shares, a controlling interest representing 59.8% of the outstanding capital and votes in DICE. Additionally, EA holds warrants in DICE priced at SEK 47.23 which, if exercised, would bring EA's holdings to 67.3% of DICE shares. EA has not yet declared its intentions on whether those warrants will be exercised.

EA declares that the conditions for the tender offer have been fulfilled and the transaction will be completed on or about January 27, 2005.

1/26/2005 Aaron Thomas

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