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New Deal


Announced

Electronic Arts to acquire Playdemic from WarnerMedia and AT&T for $1.4bn.

Financials

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Transaction Value£1,006m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Gaming

Single Bidder

Acquisition

Majority

Domestic

Private

Pending

United States

mobile games

Synopsis

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Electronic Arts, an American video game company headquartered in Redwood City, California, agreed to acquire Playdemic, the mobile games studio responsible for Golf Clash, from WarnerMedia, an American multinational mass media and entertainment conglomerate, and AT&T, an American multinational conglomerate holding company, for $1.4bn. "Playdemic is a team of true innovators, and we’re thrilled to have them join the Electronic Arts family. In addition to the ongoing success of Golf Clash, the talent, technology and expertise of Playdemic will be a powerful combination with our teams and IP at Electronic Arts. This is the next step building on our strategy to expand our sports portfolio and accelerate our growth in mobile to reach more players around the world with more great games and content," Andrew Wilson, Electronic Arts CEO.

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