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ELECTRONIC ARTS INC.

(EA)
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Electronic Arts Buys Playdemic From Warner Bros. Games, AT&T for $1.4 Billion

06/23/2021 | 07:33am EDT

By Dave Sebastian

Electronic Arts Inc. has agreed to buy mobile games studio Playdemic Ltd. for $1.4 billion in cash from AT&T Inc. and Warner Bros. Games.

EA on Wednesday said the acquisition is part of its growth strategy for its network of half a billion players world-wide. Founded in 2010, Playdemic is known for its Golf Clash game on iOS, Android and Facebook.

The remaining Warner Bros. Games portfolio is part of the recently announced transaction between AT&T's WarnerMedia unit with Discover Inc., a deal that will create a media and entertainment company under the name Warner Bros. Discovery.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

06-23-21 0933ET

Stocks mentioned in the article
ChangeLast1st jan.
AT&T INC. 0.50% 28.15 Delayed Quote.-2.61%
ELECTRONIC ARTS INC. 1.90% 144.99 Delayed Quote.-0.91%
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Financials (USD)
Sales 2022 7 404 M - -
Net income 2022 867 M - -
Net cash 2022 3 092 M - -
P/E ratio 2022 50,1x
Yield 2022 0,48%
Capitalization 40 657 M 40 657 M -
EV / Sales 2022 5,07x
EV / Sales 2023 4,64x
Nbr of Employees 11 000
Free-Float 99,5%
Chart ELECTRONIC ARTS INC.
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Electronic Arts Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ELECTRONIC ARTS INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 142,29 $
Average target price 165,38 $
Spread / Average Target 16,2%
EPS Revisions
Managers and Directors
Andrew P. Wilson Chief Executive Officer & Director
Blake J. Jorgensen Chief Operating & Financial Officer
Lawrence F. Probst Chairman
Kenneth Moss Chief Technology Officer
Leonard S. Coleman Independent Director
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