Electronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming
29 Abril 2021 - 10:00AM
Business Wire
Acquisition brings together two leading mobile
organizations with expert, mobile-first teams and complementary
games across the sports, lifestyle, mid-core, and casual
genres.
Electronic Arts Inc. (NASDAQ: EA), a global leader in
interactive entertainment, today announced the completion of its
acquisition of Glu Mobile Inc. (NASDAQ: GLUU) for $2.1 billion in
enterprise value.
The combination of Electronic Arts and Glu accelerates EA’s
mobile portfolio growth and will fuel new experiences in mobile,
the largest gaming platform in the world. The deal will add
significant growth to EA’s mobile business, building on its network
of 100 million monthly active players in mobile, and creating a
market-leading portfolio of more than 15 top live services across
multiple fast-growing genres.
“We’re thrilled to welcome Glu Mobile to our Electronic Arts
family,” said Andrew Wilson, CEO of Electronic Arts. “The
combination of our talented teams and powerful IP positions us as a
leader in the largest gaming category in the world. We are forming
a powerful growth engine that will expand our current games and
deliver more amazing new experiences across sports, lifestyle,
mid-core, and casual for players everywhere.”
“Today is an exciting day for Glu and our global community of
players,” said Nick Earl, CEO of Glu Mobile. “Joining forces with
EA will take growth games like Covet Fashion, Design Home, Kim
Kardashian: Hollywood, and the MLB Tap Sports Baseball franchise to
the next level, expanding their reach to even more global
audiences. Together, we will accelerate a strategic mobile-first
approach and drive innovation through creative leadership while
delivering world-class interactive experiences to our players.”
Glu will bring more than 500 talented game developers (and
nearly 800 total employees) to EA’s mobile-focused organization,
deepening mobile-first talent and enabling EA to reach an even
broader global audience across new regions and markets.
The acquisition of Glu Mobile is part of Electronic Arts’ growth
strategy focused on delivering more exceptional experiences and top
live services, and reaching more players on more platforms around
the world.
About Electronic Arts
Electronic Arts (NASDAQ: EA) is a global leader in digital
interactive entertainment. The Company develops and delivers games,
content and online services for Internet-connected consoles, mobile
devices and personal computers. In fiscal year 2020, EA posted GAAP
net revenue of $5.5 billion. Headquartered in Redwood City,
California, EA is recognized for a portfolio of critically
acclaimed, high-quality brands such as EA SPORTS™ FIFA,
Battlefield™, Apex Legends™, The Sims™, Madden NFL, Need for
Speed™, Titanfall™ and Plants vs. Zombies™. More information about
EA is available at www.ea.com/news.
EA SPORTS, Ultimate Team, Battlefield, Apex Legends, The Sims,
Need for Speed, Titanfall and Plants vs. Zombies are trademarks of
Electronic Arts Inc. Madden, NFL and FIFA are properties of its
respective owners and used with permission.
About Glu Mobile
Glu Mobile (NASDAQ:GLUU) is a leading developer and publisher of
mobile games. Founded in 2001, Glu is headquartered in San
Francisco with additional locations in Foster City, Orlando,
Toronto and Hyderabad. With a history spanning over a decade, Glu’s
culture is rooted in taking smart risks and fostering creativity to
deliver world-class interactive experiences for our players. Glu’s
diverse portfolio features top-grossing and award-winning original
and licensed IP titles including, Covet Fashion, Deer Hunter,
Design Home, Diner DASH Adventures, Disney Sorcerer’s Arena, Kim
Kardashian: Hollywood and MLB Tap Sports Baseball available
worldwide on various platforms including the App Store and Google
Play. For more information, visit www.glu.com or follow Glu on
Twitter, Facebook and Instagram.
Covet Fashion, Deer Hunter, Design Home, Diner DASH, Tap Sports,
Glu and Glu Mobile are trademarks of Glu Mobile Inc.
Category: Company News
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version on businesswire.com: https://www.businesswire.com/news/home/20210429005646/en/
Electronic Arts Media Relations: John Reseburg VP, Global
Communications 650-628-3601 jreseburg@ea.com
Electronic Arts Investor Relations: Chris Evenden VP,
Investor Relations 408-627-0608 cevenden@ea.com
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