20.06.2006 20:30:00
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EA To Acquire Mythic Entertainment; Studio Recognized Worldwide for Top Development Talent, Critically Acclaimed Franchises and Ground-Breaking Online Experiences
The acquisition is subject to customary closing conditions,including regulatory approvals, and is expected to close during EA'ssecond quarter of fiscal 2007. Financial terms of the transaction werenot disclosed.
Upon completion of the acquisition, Mark Jacobs, the President,Chief Executive Officer and co-founder of Mythic, will become VicePresident, General Manager of EA Mythic. Rob Denton, the VicePresident, Chief Operating Officer and co-founder of Mythic willassume the role of Vice President, Chief Operating Officer of EAMythic. Mythic's 175-person development team will remain in Fairfax,Virginia.
"Mythic has always been a leading independent developer in theonline space," says Mark Jacobs, CEO and co-founder of MythicEntertainment. "EA's commitment to the online market as well as itsfocus on creating games of unsurpassed quality, scope and scale givesus opportunities and resources we could only dream about in the past."
"The addition of Mythic to the EA family reflects our deepcommitment to the online gaming market worldwide. Mythic will bringone of the industry's most talented MMORPG teams to EA. Together, wewill create games that will introduce MMO players to a whole new levelof game play and excitement," said Paul Lee, President, EA Studios.
About Electronic Arts
Electronic Arts Inc. (EA), headquartered in Redwood City,California, is the world's leading interactive entertainment softwarecompany. Founded in 1982, the company develops, publishes, anddistributes interactive software worldwide for videogame systems,personal computers and the Internet. Electronic Arts markets itsproducts under four brand names: EA SPORTS(TM), EA(TM), EA SPORTSBIG(TM) and POGO(TM). In fiscal 2006, EA posted revenue of $2.95billion and had 27 titles that sold more than one million copies. EA'shomepage and online game site is www.ea.com. More information aboutEA's products and full text of press releases can be found on theInternet at http://info.ea.com.
About Mythic Entertainment
Mythic Entertainment recently celebrated its ten year anniversaryas one of the most successful independent developers and publishers ofmassively-multiplayer online role-playing games in the world. Creditedwith 15 online games, including the award winning Dark Age of Camelot,Mythic's success is based on proprietary technology, innovative gamedesign and exemplary customer service delivered by a talented staff ofmore than 170 people. Dark Age of Camelot is played in almost everycountry in the world, and is available in seven languages. Mythic hasbeen in development of Warhammer Online: Age of Reckoning sinceacquiring the exclusive worldwide PC and console MMORPG license fromGames Workshop in May 2005.
Some statements set forth in this release, including thoseregarding EA's pending acquisition of Mythic Entertainment and theexpected impact of the acquisition on EA's strategic and operationalplans and financial results, contain forward-looking statements thatare subject to change. Statements including words such as"anticipate", "believe", "estimate" or "expect" and statements in thefuture tense are forward-looking statements. These forward-lookingstatements are subject to risks and uncertainties that could causeactual events or actual future results to differ materially from theexpectations set forth in the forward-looking statements. Some of thefactors which could cause results to differ materially from theexpectations expressed in these forward-looking statements include thefollowing: the required receipt of necessary regulatory approvals,including under applicable antitrust laws; the possibility that thetransaction will not close or that the closing may be delayed; theeffect of the announcement of the acquisition on EA's and Mythic'sstrategic relationships, operating results and business generally,including the ability to retain key employees; EA's ability tosuccessfully integrate Mythic's operations and employees; generaleconomic conditions; and other factors described in EA's SEC filings(including EA's Annual Report on Form 10-K for the year ended March31, 2006.) If any of these risks or uncertainties materializes, theacquisition may not be consummated, the potential benefits of theacquisition may not be realized, EA's operating results and financialperformance could suffer, and actual results could differ materiallyfrom the expectations described in these forward-looking statements.EA assumes no obligation to update these forward-looking statements.
Electronic Arts, EA, EA SPORTS, EA SPORTS BIG and POGO aretrademarks or registered trademarks of Electronic Arts Inc. in theU.S. and/or other countries. All Rights Reserved.
Games Workshop, Warhammer, Warhammer Online, Age of Reckoning, andall associated marks, names, races, race insignia, characters,vehicles, locations, units, illustrations and images from theWarhammer world are either (R), (TM) and/or (C) Games Workshop Ltd2000-2006. Used under license by Mythic Entertainment, Inc. All RightsReserved.
Mythic Entertainment, Dark Age of Camelot and their respectivelogos are trademarks or registered trademarks of MythicEntertainment, Inc. in the U.S. and/or other countries. All rightsreserved.
All other trademarks are the property of their respective owners.
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