Electronic Arts Buys Playdemic From Warner Bros. Games, AT&T for $1.4 Billion
June 23 2021 - 9:46AM
Dow Jones News
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
June 23, 2021 09:33 ET (13:33 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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