Electronic Arts to acquire Glu Mobile in the largest and fastest growing gaming segment, creating a new global leader

Electronic Arts Inc, a worldwide innovator in intuitive diversion, and Glu Mobile Inc, a main worldwide designer and distributer of versatile games including Design Home, Covet Fashion, and MLB Tap Sports Baseball, have gone into a complete arrangement under which Electronic Arts will procure Glu Mobile. Under the details of the arrangement, EA will procure Glu for $2.1 billion in big business esteem. Glu investors will get $12.50 in real money for each portion of Glu stock, addressing a 36% premium to Glu's end share cost on February 5, 2021. After shutting, the procurement will be promptly accretive to Electronic Arts' complete net appointments, and is required to develop basic productivity starting in its first year.

The procurement will promptly add critical scale to Electronic Arts' versatile games business. The blend of Electronic Arts and Glu makes a main versatile item portfolio that incorporates in excess of 15 top live administrations across quickly developing classifications with a consolidated $1.32 billion in appointments in the course of the most recent a year. Uniting the top tier versatile advancement groups at Glu and Electronic Arts' portable business, with an aggregate arrangement of amazing IP in games, way of life, RPG, easygoing and different classifications, and utilizing Electronic Arts' showcasing and conveyance solidarity to produce worldwide come to, the joined association will expand on EA's organization of 430 million players, remembering in excess of 100 million month to month dynamic players for versatile, and grow to new crowds and socioeconomics everywhere on the world.

“Our acquisition of Glu combines amazing teams and deeply-engaging products to create a mobile games leader with proven expertise across many fast-growing genres,” said Andrew Wilson, CEO of Electronic Arts. “Mobile continues to grow as the biggest gaming platform in the world, and with the addition of Glu’s games and talent, we’re doubling the size of our mobile business. With a deep IP portfolio and an expanding global audience, we’ll deliver more exciting experiences for our players and drive further growth for Electronic Arts.”

“This transaction is the culmination of the tremendous work of the Glu team to deliver world-class interactive experiences for our players, while driving business momentum that has led to strong financial and operational results. It represents a terrific outcome for all of our stockholders and other key constituents,” said Nick Earl, CEO of Glu. “As part of Electronic Arts, we will continue capitalizing on the opportunities ahead in the expanding mobile gaming industry.”