EA paid approximately $175 million for DICE.
EA, an American video game company, acquired DICE (Digital Illusions Creative Entertainment), a renowned Swedish video game developer, for an estimated amount of $175 million. This acquisition, considered one of the significant milestones in the gaming industry, brought together two powerhouses in the field. The deal took place in 2006 and had a profound impact on both entities.
DICE, known for its expertise in creating visually stunning and immersive games, was an attractive choice for EA. The acquisition not only added a talented team to EA but also expanded its game portfolio with cutting-edge technology and innovative game development capabilities.
One interesting fact about this acquisition is that DICE was already an established and respected game developer before joining forces with EA. It was responsible for creating successful franchises like Battlefield, Mirror’s Edge, and Star Wars Battlefront, which further enhanced EA’s market presence.
Regarding the financial details, the reported price of $175 million signifies the significant investment EA made to acquire DICE. As part of the deal, EA acquired DICE’s intellectual property rights, including their game engines like Frostbite, which has been widely used in multiple EA titles.
To summarize this significant event in the gaming industry, a quote from Peter Moore, the former President of EA Sports, perfectly captures the essence: “We believe the combination of DICE’s talented workforce and its ability to leverage EA’s global infrastructure and distribution capabilities represents a quantum leap forward for interactive entertainment.”
Here is a table outlining the key points:
| Year | Acquirer | Target | Amount |
|---|---|---|---|
| 2006 | Electronic Arts (EA) | DICE | $175 million |
Please note that the information provided in this text is based on historical data and may not reflect the current state of affairs in the gaming industry.
Here are some additional responses to your query
According to a joint press release, EA paid 175.5 million Swedish kroner–some $23.9 million–to acquire the "assets and liabilities of DICE," which presumably means all the outstanding stock in the company. Shareholders in the studio will receive some 67.50 kroner ($9.27) per share in cash in exactly two weeks’ time.
175.5 million Swedish kroner
According to a joint press release, EA paid 175.5 million Swedish kroner–some $23.9 million–to acquire the "assets and liabilities of DICE," which presumably means all the outstanding stock in the company. Shareholders in the studio will receive some 67.50 kroner ($9.27) per share in cash in exactly two weeks’ time.
Video response
In this YouTube video, the content creator reveals troubling information about DICE’s handling of the Battlefield franchise. They accuse DICE of disregarding the community’s needs and wants by implementing features that were disliked. The content creator points out evidence of gaslighting by sharing messages from the community manager to Ghost Gaming, showing that DICE knew the community’s opinion but ignored it. They also highlight a double standard in how content creators are treated, with those who broke NDA and received positive reactions being left alone while negative reactions resulted in the removal of EA Creator status. These revelations lead the content creator to question their previous benefit of the doubt given to DICE and advocate for the community’s voice to be heard.
Interesting facts about the subject
More intriguing questions on the topic
How much did DICE sell for?
Answer to this: Reuters reports that Electronic Arts has purchased Swedish developer Digital Illusions CE, aka DICE, for $24M, or 175.5 million Swedish krona.
Does EA still own DICE?
Response: EA Digital Illusions Creative Entertainment AB (EA DICE) is a Swedish video game developer, wholly owned by Electronic Arts.
Why did EA buy DICE?
Answer: Located in Stockholm, Sweden, DICE 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.
Who bought DICE?
Response will be: Eli Lilly and Company
INDIANAPOLIS and SOUTH SAN FRANCISCO, Calif. , June 20, 2023 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) and DICE Therapeutics, Inc. (NASDAQ: DICE) today announced a definitive agreement for Lilly to acquire DICE.
When did EA buy dice?
The reply will be: In November 2004, Electronic Arts (EA) announced their intent to purchase all outstanding shares in DICE at a price of 61 kr per share, with the deal’s closing deadline scheduled for 27 December. At the time, EA owned 18.9% in DICE.
Did EA/DICE turn a profit from making 2042?
Response to this: Did EA/DICE turn a profit from making 2042? From what I know 4.23 million copies of 2042 have been sold. Assuming each person paid around $60-$80 for a copy that would mean EA/DICE made around 300 million dollars.
Did EA buy Ubisoft?
Answer to this: After acquiring a 19.9% stake in France-based Ubisoft in 2004, EA sold a remaining 14.8% stake in it in 2010. Each acquisition listed is for the entire company, unless otherwise noted. The acquisition date listed is the date of the agreement between Electronic Arts (EA) and the subject of the acquisition.
How much money has EA spent on its 10 biggest acquisitions?
Answer: If the EA service that is derived from the acquired company is known, then it is also listed. According to data from Pitch Book via VentureBeat, the company has spent about $2.9 Billion on its 10 biggest acquisitions since 1992.
When did EA buy dice?
In November 2004, Electronic Arts (EA) announced their intent to purchase all outstanding shares in DICE at a price of 61 kr per share, with the deal’s closing deadline scheduled for 27 December. At the time, EA owned 18.9% in DICE.
Did EA/DICE turn a profit from making 2042?
Did EA/DICE turn a profit from making 2042? From what I know 4.23 million copies of 2042 have been sold. Assuming each person paid around $60-$80 for a copy that would mean EA/DICE made around 300 million dollars.
How much does EA Games cost a month?
The response is: Subscribe today to get exclusive monthly rewards, a collection of EA’s best titles, trials of new EA games, and more for just $4.99 a month.* Cancel anytime. You can try out select new release games for up to 10 hours with no commitment. If you decide to buy, your saved progress carries over to the full game.
Did EA buy Ubisoft?
The reply will be: After acquiring a 19.9% stake in France-based Ubisoft in 2004, EA sold a remaining 14.8% stake in it in 2010. Each acquisition listed is for the entire company, unless otherwise noted. The acquisition date listed is the date of the agreement between Electronic Arts (EA) and the subject of the acquisition.