This story has been updated from its original version.
In order to get back on top of the video games market, Electronic Arts is willing to pay a hefty price. Namely, $860 million.
The Redwood City, Calif.-based publisher announced on Thursday afternoon that it had agreed to acquire VG Holdings, the parent company of two game development companies, BioWare and Pandemic Studios, from private equity firm Elevation Partners.
This deal, expected to close in January and originally reported by the Wall Street Journal, is the largest in EA's 25-year history.
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