Guide Note:
BioWare is a video game production company based in Edmonton, Canada. Founded by three doctors, the company was bought buy Electronic Arts (EA) for $860 million in October 2007.1 The sale is between Electronic Arts and VG Holding Corp. (VGH), which encompasses BioWare Corp. and Pandemic Studios.2 EA will pay $620 million in cash and another $155 million in equity to "certain employees."1
Fast Facts:
- Established: 1995
- HQ: Edmonton, Alberta and Austin, Texas
- Founders: Ray Muzyka, Greg Zeschuk, and Augustine Yip
- Subsidiary of Electronic Arts
- Electronic Arts Stock Symbol: ERTS, NASDAQ
- Deal Structure: $620 million in cash, $155 million in equity, VG Holdings stock options valued at around $50 million and a $35 million loan to VGH
Games
