EA Completes Acquisition Of Mobile Game Creator From AT&T

(RTTNews) - The Redwood City-headquartered Electronic Arts (EA), a digital interactive entertainment provider, on Monday announced the completion of acquisition of Warner Bros. Games' Playdemic, Ltd., a mobile gaming company of AT&T (T), a Texas-based telecommunication firm, for $1.4 billion in cash.

This acquisition is part of Electronic Arts' mobile growth strategy focused on delivering new interactive entertainment for its network of nearly half a billion players around the world.

"With the addition of Playdemic, the Electronic Arts portfolio now spans more than 18 top mobile live services across fast-growing genres, including lifestyle, casual, sports, and mid-core games," the company said in a statement.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.