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Announced

Completed

Electronic Arts completed the acquisition of Glu Mobile for $2.1bn.

Financials

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Transaction Value£1,529m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium36%
One Off Charge-

Tags

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Majority

mobile games

United States

Single Bidder

Entertainment

Gaming

Acquisition

Domestic

Friendly

Completed

Public

Synopsis

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Electronic Arts, a provider of interactive entertainment, completed the acquisition of Glu Mobile, a global developer and publisher of mobile games, for $2.1bn. The transaction is anticipated to close in the quarter ending June 30, 2021, subject to approval by the Glu stockholders, the receipt of required regulatory approvals and other customary closing conditions. “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. 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,” Andrew Wilson, Electronic Arts CEO.

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