Electronic Arts announced shareholder approval of its plan to create a new class of common stock to track the performance of the company's new online unit. As part of the new stock issue, EA finished the sale of four million Class B share, along with a warrant for an additional two million, to AOL as part of the companies alliance. Electronic Arts plans to co-launch it online service with AOL sometime this summer, and a public issue of some the Class B shares will follow the launch. EA shareholders also approved equity incentive plans for both Class A and Class B common stock.
