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.
Electronic Arts (NASDAQ:EA)
Historical Stock Chart
From Jun 2021 to Jul 2021 Click Here for more Electronic Arts Charts.
Electronic Arts (NASDAQ:EA)
Historical Stock Chart
From Jul 2020 to Jul 2021 Click Here for more Electronic Arts Charts.