Electronic Arts (EA) has reached a $1.4 billion deal to acquire AT&T (T) and WarnerMedia's mobile game studio Playdemic. The acquisition aligns with the company's sports mobile growth strategy focused on delivering exciting experiences to half a billion players worldwide. Playdemic will be a significant addition, expected to bolster Electronic Art's portfolio of offerings in some of the fastest-growing genres. The WarnerMedia unit is best known for the award-winning game Golf Clash, which has witnessed over 80 million downloads and clinched some of the biggest industry awards.
https://www.tipranks.com/news/electronic-arts-to-acquire-playdemic-for-1-4b
Electronic Arts (NASDAQ:EA)
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