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General : Mythic Will Be Acquired by EA

Posted Jun 21, 2006 by Jon Wood

The following press release appeared yesterday on the official EA webpage. The press release states that EA has acquired MMORPG company Mythic Entertainment, the makers of the popular Dark Age of Camelot, and the upcoming Warhammer Online. The story appears to be verified as the same release appears on Mythic's corporate site as well.

 

Back on April 3rd of this year, MMORPG.com published a statement from Mythic CEO Marc Jacobs stating that the rumored deal between Mythic and EA was not go forward. "We have no deal with EA. We are currently not talking to EA," said Jacobs.

 

Jacobs did not categorically deny that a merger might come to pass, saying only that he had recieved a number of differing and very lucrative offers to purchase the company, but that none of them had been a right fit.

 

Back in April, Jacobs left us with the following statement: "I will not now, not ever do a deal that puts the people at Mythic who made this company great at risk," he was careful to point out at the time, however, that the deal with EA (which didn't happen at that time) did not fall into that cetegory.  

 

With that being said, we are told that with the exception of a name change (EA Mythic) and a few job-title changes at the top, that things are set to remain as they are with the Mythic team making MMORPGs in their officies in Virginia. We are yet to see how the backing of a video game giant like EA is going to effect Mythic's products, both current and future. Jacobs seems positive about the change, stating in the press release that, "EA's commitment to the online market as well as its focus on creating games of unsurpassed quality, scope and scale gives us opportunities and resources we could only dream about in the past.""

 

MMORPG.com will continue to follow this story as it develops.

 

EA to Acquire Mythic Entertainment

Studio Recognized Worldwide for Top Development Talent, Critically Acclaimed Franchises and Ground-Breaking Online Experiences

Electronic Arts today announced that it has entered into an agreement to acquire Virginia-based Mythic Entertainment®. Upon completion of the acquisition, Mythic Entertainment will become EA Mythic, a wholly-owned studio dedicated to developing Massively Multiplayer Online Role-Playing Games (MMORPGs). Mythic is recognized worldwide for revolutionizing the online gaming space with the award-winning Dark Age of Camelot® and is currently developing Warhammer® Online: Age of Reckoning™ under license agreement with Games Workshop.

The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close during EA's second quarter of fiscal 2007. Financial terms of the transaction were not disclosed.

Upon completion of the acquisition, Mark Jacobs, the President, Chief Executive Officer and co-founder of Mythic, will become Vice President, General Manager of EA Mythic. Rob Denton, the Vice President, Chief Operating Officer and co-founder of Mythic will assume the role of Vice President, Chief Operating Officer of EA Mythic. Mythic's 175-person development team will remain in Fairfax, Virginia.

"Mythic has always been a leading independent developer in the online space," says Mark Jacobs, CEO and co-founder of Mythic Entertainment. "EA's commitment to the online market as well as its focus on creating games of unsurpassed quality, scope and scale gives us opportunities and resources we could only dream about in the past."

"The addition of Mythic to the EA family reflects our deep commitment to the online gaming market worldwide. Mythic will bring one of the industry's most talented MMORPG teams to EA. Together, we will create games that will introduce MMO players to a whole new level of game play and excitement," said Paul Lee, President, EA Studios.

To visit Mythic's site, click here.

 
 
 
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