• Loading stock data...
Tuesday, April 16, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

EA Closes $1.4B Playdemic Acquisition

  • Electronic Arts closed its $1.4 billion acquisition of Playdemic, maker of popular mobile sports games like 'Golf Clash.'
  • The company has been on an acquisition spending spree.
Electronic Arts/Design: Alex Brooks

Electronic Arts is buying up another major producer of sports games with its acquisition of Playdemic from Warner Bros. Games.

The $1.4 billion deal for the U.K.-based mobile game maker adds hits like “Golf Clash” to EA’s portfolio. “Golf Clash” has over 80 million downloads

The transaction closed on Monday after an initial agreement in June.

EA, publisher of the “FIFA” and “Madden” series, has spent heavily on inorganic growth during the past year.

  • In February, EA dropped $2.4 billion to acquire sports and lifestyle game maker Glu Mobile. Glu’s top games include “MLB Tap Sports Baseball” and “WWE Universe.”
  • In December, EA bought Codemasters for $1.2 billion. Codemasters makes racing games, including the “F1” series.
  • The company had $2.8 billion to work with for future acquisitions as of June

EA’s revenue climbed 6% year-over-year to $1.55 billion in the quarter ending June 30, though net profits slipped 44% to $204 million. At the time, EA boasted over 140 million EA Sports players over the previous 12 months.

The Playdemic deal offloads a major piece of Warner Bros. Games, which will become part of Warner Bros. Discovery when the $43 billion merger between WarnerMedia and Discovery closes. 

The gaming unit was rumored to be for sale last year for $4 billion.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

A’s Reach Deal to Leave Oakland for Sacramento After This Year

The A’s will play in a minor league park starting in 2025.

Ongoing NFL Network Cuts Hit On-Air Talent

The network also made cuts around the ‘Good Morning Football’ move to L.A.

LeBron James Explains Why Women’s March Madness Has More ‘Star Power’

James said Angel Reese and Caitlin Clark give women’s game ‘icons.’
podcast thumbnail mobile
Front Office Sports Today

Inside the Most-Hyped WNBA Draft in History

0:00
0:00

Featured Today

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.
Mar 31, 2024; Portland, OR, USA; NCAA officials measure the three point line while coaches from the Texas Longhorns and NC State Wolfpack watch with referees in the finals of the Portland Regional of the NCAA Tournament at the Moda Center center.
April 1, 2024

NCAA Has No One to Blame for Latest Women’s March Madness Transgressions

NCAA is still making avoidable mistakes three years after a complete overhaul.
Nov 16, 2015; Bloomington, IN, USA; General view of the championship banners at Assembly Hall prior to the game between Austin Peay and Indiana.
March 31, 2024

How to Make It in Basketball: Become a Manager at Indiana

Inside the Hoosiers’ unglamorous, profoundly rewarding incubator for basketball’s biggest names.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Nike
Multiple - USA Careers
NBA
Multiple - USA Careers
Dunham's Sports
Multiple - USA Careers

Salt Lake City About to Land NHL’s Coyotes (Minus Their Name)

Salt Lake City’s NHL franchise will have a new name.
April 10, 2024

WNBA Has New Commercial Partner: Over-the-Counter Birth Control

WNBA teams up with FDA-approved over-the-counter birth control.
Ken Goldin
April 10, 2024

Goldin Auctions Acquisition by eBay Sparks Showdown With Fanatics

The online giant acquires the prominent high-end sports memorabilia auction house.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
April 8, 2024

WNBA Commish Wants New Media-Rights Deal to Double Old One

The media-rights deal expires in 2025 to coincide with the Caitlin Clark effect.
April 4, 2024

WTA Finals Latest Sporting Event To Take Saudi Millions

Players can still wear normal attire, WTA says.
April 4, 2024

Taking a Toll: NYC Marathon Bridge Dispute Spotlights Debate Over Public Support for Sports

A local transportation authority demands money from organizers of the TCS New York City Marathon.
April 3, 2024

ATP-WTA Merger Talks Stalling Potential Tennis Expansion in U.S.

Saudi money could bring the tours together with a $2 billion bid.