RSS Feeds NGN on Facebook NGN on Twitter NGN on YouTube
Welcome, Guest. Login | Register | PW? ]
Header logo
Index » News » All

EA to Acquire PopCap Games for $650mil

EA posts steep price for top casual game developer

Posted on
Electronic Arts has announced an agreement to acquire PopCap Games, a leading provider of games for mobile phones, tablets, PCs and social network sites.

“EA and PopCap are a compelling combination,” said EA 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,” said 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.”

PopCap is one of the largest digital and social gaming companies with more than 150 million games installed and played worldwide on platforms such as Facebook, RenRen, Google, iPhone, iPad and Android. In calendar year 2010, approximately 80% of PopCap’s revenue was on high growth digital platforms. The company's blockbuster titles include Plants vs. Zombies, Bejeweled, and Zuma.

EA will pay approximately $650 million in cash and $100 million in shares of EA common stock to be issued to certain stockholders of PopCap. In addition, the PopCap sellers are entitled to additional variable cash consideration, contingent upon the achievement of certain earnings before interest and tax performance milestones through December 2013, EA’s third fiscal quarter end.

The exact earn-out calculation is subject to adjustments. EA will also provide up to $50 million in long-term equity retention awards to PopCap employees to be granted over the next four years.

This is by far EA's biggest splash in the casual game market, that will more than likely pay off in the long run.
Comments
blog comments powered by Disqus
Game Screens
Showfloor images from E3 2011

Conference Day at E3 2015

Conference Day at E3 2013

Conference Day at E3 2015

Online
There is currently 1 member and 49 guests on the website right now.
Who's On?
Activity in the past 10 minutes:
Best News this Month
The Vanishing of Ethan Carter on PS4 next week
First-person mystery game debuts on Sony console July 14th

Posted 20 days ago
Beta announced for NHL 16 EA Sports Hockey League
Limited time beta for NHL 15 owners
7 days ago
Free PlayStation Plus games for July 2015
Puzzles, adventure, stealth, and action racing
28 days ago
New DLC for Mortal Kombat X adds Predator
Predator is a playable character, plus three new character skins
23 days ago
Crypt of the NecroDancer coming to PlayStation
Roguelike with rhythm-based combat making its way to consoles
19 days ago
Latest Comments
Victor Vran - Launch Trailer Video
Jul 28, 2015 by Figuria
Van helsing + diablo etc?
Rise of the Tomb Raider Preview - E3 2015
Jul 28, 2015 by Figuria
Damn, so much salt in this thread
Rise of the Tomb Raider Preview - E3 2015
Jul 28, 2015 by Sweetbrandigirl2004
YEs I do its NO secret that Capcom is going broke and...
Rise of the Tomb Raider Preview - E3 2015
Jul 28, 2015 by Jackson
Well it's a similar principle here, SE would get a nice...
Rise of the Tomb Raider Preview - E3 2015
Jul 27, 2015 by JamesJay
Right.... so what you're saying is "Exclusives are OK as...
Popular News
PC
XCOM 2 announced
58 days ago
PC
Cities XXL out now
174 days ago
New Game Network NGN Facebook NGN Twitter NGN Youtube NGN RSS