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Big Law

EA Acquires Glu Mobile for $2.4 Billion

Electronic Arts has completed its $2.4 billion acquisition of Glu Mobile, the mobile game publisher led by a former EA executive.

The enterprise value of the deal is $2.1 billion, based on Glu’s own cash and other assets. The deal will turn EA into a much bigger player in mobile, as it will add to its own sizable mobile gaming division.

The deal brings together two big mobile-first teams and complementary games across the sports, lifestyle, mid-core, and casual genres. Glu Mobile, based in San Francisco, has more than 800 employees, including 500 developers. EA already has about 10,750 employees.

Read the source article at VentureBeat

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