EA has recently entered an agreement to acquire Glu Mobile, as per a press release.
The acquisition will see EA own such IPs as Disney Sorcerer’s Arena, WWE Universe, and Design Home.
The deal will also see EA pay $2.1 billion in enterprise value. The acquisition will also see Glu stakeholders receive $12.50 per stock.
Of the acquisition, EA CEO Andrew Wilson had the following to say;
“[Our acquisition of Glu] combines amazing teams and deeply-engaging products to create a mobile games leader with proven expertise across many fast-growing genres. Mobile continues to grow as the biggest gaming platform in the world, [and] with the addition of Glu’s games and talent, we’re doubling the size of our mobile business. With a deep IP portfolio and an expanding global audience, we’ll deliver more exciting experiences [for our players] and drive further growth for Electronic Arts”.
A small sample of Glu’s various IPs, which helped Glu earn over $1.3 billion since January 2020
Nick Earl, CEO of Glu Mobile, added;
“This transaction is the culmination of the tremendous work of the Glu team to deliver world-class interactive experiences for our players while driving business momentum that has led to strong financial and operational results. It represents a terrific outcome for all of our stockholders and other key constituents. As part of Electronic Arts, we will continue capitalising on the opportunities ahead in the expanding mobile gaming industry”.
ABG’s Senior Editor (News), YouTube content creator/streamer.