EA to Acquire PopCap for Between $750 Million and $1.3 Billion

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Electronic ArtsElectronic Arts has entered into an agreement to acquire PopCap Games for a minimum of $750 million, with potential for PopCap principals to make a lot more. The transaction is expected to close in August 2011. Electronic Arts will pay $650 million in cash for PopCap, and has put into place a lending facility that will allow EA to borrow up to $550 million (although EA's mention that it will look for other financial options suggests this isn't a favorably arranged facility). EA will also issue $100 million in EA stock and up to an additional $550 million in cash if certain financial targets are met. Soon, the maker of games such as Plants Vs Zombies and Peggle will be part of Electronic Arts, supporting EA's claim that it is investing a lot into the casual and social game space.

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This page contains a single entry by Editor published on July 12, 2011 8:22 PM.

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