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Electronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
2 months ago Accelerates the growth of Electronic Arts’ mobile business through development of new sports, lifestyle, casual, and mid-core games Creates a market-leading portfolio of more than 15 top live services across multiple fast growing mobile genres Expands Electronic Arts’ nearly half a billion strong player network to reach a broader global audience REDWOOD CITY, Calif.–(BUSINESS WIRE)– Electronic Arts Inc. (NASDAQ: EA), a global leader in interactive entertainment, and Glu Design Home, Covet Fashion, and MLB Tap Sports Baseball, have entered into a definitive agreement under which Electronic Arts will acquire Glu Mobile. Under the terms of the agreement, EA will acquire Glu for $2.1 billion in enterprise value. Glu stockholders will receive $12.50 in cash for each share of Glu stock, representing a 36% premium to Glu’s closing share price on February 5, 2021. Upon closing, the acquisitio ....