EA to acquire PopCap Games in $750 million deal
Electronic Arts have today announced that they have entered an agreement in which the company will acquire PopCap Games, acclaimed for their casual digital games available across mobile phones, tablets, PCs and social network sites.
“EA and PopCap are a compelling combination,” commented Electronic Arts CEO John Riccitiello. “PopCap’s great studio talent and powerful IP add to EA’s momentum and accelerate our drive towards a $1 billion digital business. EA’s global studio and publishing network will help PopCap rapidly expand their business to more digital devices, more countries, and more channels.”
“We picked EA because they have recast their culture around making great digital games,” added David Roberts, CEO of PopCap. “By working with EA, we’ll scale our games and services to deliver more social, mobile, casual fun to an even bigger, global audience.”
EA will reportedly pay an approximate $650 million in cash, as well as $100 million in shares of EA common stock to be issued to certain stockholders of PopCap.