Item 2.01 Completion of Acquisition or Disposition of Assets.



As previously disclosed in a Current Report on Form-8-K filed by Electronic Arts
Inc. (the "Company") with the Securities and Exchange Commission, on December
14, 2020, the Company issued an announcement (the "Rule 2.7 Announcement")
pursuant to Rule 2.7 of the United Kingdom City Code on Takeovers and Mergers
(the "Code") disclosing the terms of an all-cash offer by Codex Games Limited,
an indirect subsidiary of the Company, to acquire all of the issued and to be
issued ordinary shares of Codemasters Group Holdings plc, a public limited
company registered in England and Wales ("Codemasters").

On February 18, 2021, the Company completed the previously announced acquisition
(the "Acquisition") of all of the outstanding ordinary shares of Codemasters for
604 pence (approximately US$8.37*) in cash for each ordinary share of
Codemasters with an implied enterprise value of US$1.2 billion*. The Acquisition
was implemented by way of a court-sanctioned scheme of arrangement under the UK
Companies Act 2006 and under the Code.

The Acquisition was funded with existing cash on hand.



The foregoing description of the Acquisition does not purport to be complete and
is subject to and qualified in its entirety by the text of the Rule 2.7
Announcement and the Co-operation Agreement entered into in connection with the
Acquisition, which are filed as Exhibit 2.1 and Exhibit 2.2, respectively, to
this Current Report on Form 8-K and are incorporated by reference herein.

*US$ equivalent values are stated at an exchange rate of US$1.3855:£1 on February 17, 2021. Enterprise value based on Codemasters' unaudited balance sheet as of September 30, 2020.

Item 8.01 Other Events.

On February 18, 2021, the Company issued a press release announcing the completion of the Acquisition. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.
Exhibit No.                 Description
2.1                         Rule 2.7 Announcement, dated December 14, 2020 (incorporated by reference
                            to the Company's Current Report on Form 8-K filed on December 14, 2020).
2.2                         Co-operation Agreement, dated December 14,

2020, by and between the


                            Company and Codemasters (incorporated by

reference to Exhibit 2.2 to the


                            Company's Current Report on Form 8-K filed on December 14, 2020).
99.1                        Press Release, dated February 18, 2021.
104                         Cover Page Interactive Data File (embedded within the Inline XBRL
                            document).

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses