JAMDAT Announces That Stockholders Approve Acquisition by Electronic Arts
14 February 2006 - 12:30AM
Business Wire
Global wireless entertainment publisher JAMDAT Mobile Inc.
(NASDAQ:JMDT) announced today that its stockholders approved the
Company's acquisition by Electronic Arts Inc. (EA) at a special
meeting held on Friday, February 10, 2006 in Santa Monica, CA.
Stockholders will receive $27.00 in cash for each JAMDAT share they
own following the closing of the transaction. JAMDAT and EA
previously announced that the waiting period for U.S. antitrust
review under the Hart-Scott-Rodino Antitrust Improvements Act of
1976 was terminated effective January 3, 2006. All other regulatory
approvals required for the acquisition have been received. The
companies expect the acquisition to close in February 2006. About
JAMDAT Mobile Inc. JAMDAT Mobile Inc. is a global publisher of
wireless entertainment applications, including games, ring tones,
images and other content. JAMDAT's application portfolio is based
on original and licensed intellectual properties and includes
JAMDAT Bowling, Tetris(R), Downtown Texas Hold 'Em, Lemonade
Tycoon(R), Bejeweled(R), The Lord of the Rings(R), Tony Hawk's(R)
Underground and Scrabble(R). JAMDAT distributes its applications
through wireless carriers around the world. For more information,
please visit www.jamdat.com. Safe Harbor Statement -- JAMDAT Mobile
Inc. This press release may include forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for JAMDAT's
markets and the demand for its products. Factors that could cause
JAMDAT's actual results to differ materially from these
forward-looking statements include anticipated growth in the
handset market, its ability to effectively market and sell products
in diverse market segments, its reliance on a limited number of
products and third-party vendors and distributors, its ability to
expand studio operations, increases in fulfillment costs,
disruptions to information technology systems, unpredictable events
and circumstances relating to international suppliers, increased
competition, government regulatory action and general economic
conditions. Please refer to JAMDAT's reports and filings with the
Securities and Exchange Commission for a further discussion of
these risks and uncertainties. Readers are cautioned not to place
undue reliance on forward-looking statements, which speak only as
of the date they are made. JAMDAT undertakes no obligation to
update publicly any forward-looking statements to reflect new
information, events or circumstances after the date they were made
or to reflect the occurrence of unanticipated events.
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