{"id":484437,"date":"2021-04-29T09:03:44","date_gmt":"2021-04-29T13:03:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/electronic-arts-completes-acquisition-of-glu-mobile-creating-a-new-global-leader-in-mobile-gaming\/"},"modified":"2021-04-29T09:03:44","modified_gmt":"2021-04-29T13:03:44","slug":"electronic-arts-completes-acquisition-of-glu-mobile-creating-a-new-global-leader-in-mobile-gaming","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/electronic-arts-completes-acquisition-of-glu-mobile-creating-a-new-global-leader-in-mobile-gaming\/","title":{"rendered":"Electronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming"},"content":{"rendered":"

<\/p>\n

Electronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming<\/i><\/b><\/p>\n

Acquisition brings together two leading mobile organizations with expert, mobile-first teams and complementary games across the sports, lifestyle, mid-core, and casual genres.<\/i><\/p>\n

REDWOOD CITY, Calif.–(BUSINESS WIRE<\/a>)–
\nElectronic Arts Inc. (NASDAQ: EA), a global leader in interactive entertainment, today announced the completion of its acquisition of Glu Mobile Inc. (NASDAQ: GLUU) for $2.1 billion in enterprise value.\n<\/p>\n

\nThe combination of Electronic Arts and Glu accelerates EA\u2019s mobile portfolio growth and will fuel new experiences in mobile, the largest gaming platform in the world. The deal will add significant growth to EA\u2019s mobile business, building on its network of 100 million monthly active players in mobile, and creating a market-leading portfolio of more than 15 top live services across multiple fast-growing genres.\n<\/p>\n

\n\u201cWe\u2019re thrilled to welcome Glu Mobile to our Electronic Arts family,\u201d said Andrew Wilson, CEO of Electronic Arts. \u201cThe combination of our talented teams and powerful IP positions us as a leader in the largest gaming category in the world. We are forming a powerful growth engine that will expand our current games and deliver more amazing new experiences across sports, lifestyle, mid-core, and casual for players everywhere.\u201d\n<\/p>\n

\n\u201cToday is an exciting day for Glu and our global community of players,\u201d said Nick Earl, CEO of Glu Mobile. \u201cJoining forces with EA will take growth games like Covet Fashion<\/i>, Design Home<\/i>, Kim Kardashian: Hollywood<\/i>, and the MLB Tap Sports Baseball<\/i> franchise to the next level, expanding their reach to even more global audiences. Together, we will accelerate a strategic mobile-first approach and drive innovation through creative leadership while delivering world-class interactive experiences to our players.\u201d\n<\/p>\n

\nGlu will bring more than 500 talented game developers (and nearly 800 total employees) to EA\u2019s mobile-focused organization, deepening mobile-first talent and enabling EA to reach an even broader global audience across new regions and markets.\n<\/p>\n

\nThe acquisition of Glu Mobile is part of Electronic Arts\u2019 growth strategy focused on delivering more exceptional experiences and top live services, and reaching more players on more platforms around the world.\n<\/p>\n

About Electronic Arts<\/b><\/p>\n

\nElectronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. In fiscal year 2020, EA posted GAAP net revenue of $5.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS\u2122 FIFA, Battlefield\u2122, Apex Legends\u2122, The Sims\u2122, Madden NFL, Need for Speed\u2122, Titanfall\u2122 and Plants vs. Zombies\u2122. More information about EA is available at www.ea.com\/news<\/a>.\n<\/p>\n

\nEA SPORTS, Ultimate Team, Battlefield, Apex Legends, The Sims, Need for Speed, Titanfall and Plants vs. Zombies are trademarks of Electronic Arts Inc. Madden, NFL and FIFA are properties of its respective owners and used with permission.\n<\/p>\n

About Glu Mobile<\/b><\/p>\n

\nGlu Mobile (NASDAQ:GLUU) is a leading developer and publisher of mobile games. Founded in 2001, Glu is headquartered in San Francisco with additional locations in Foster City, Orlando, Toronto and Hyderabad. With a history spanning over a decade, Glu\u2019s culture is rooted in taking smart risks and fostering creativity to deliver world-class interactive experiences for our players. Glu\u2019s diverse portfolio features top-grossing and award-winning original and licensed IP titles including, Covet Fashion, Deer Hunter, Design Home, Diner DASH Adventures, Disney Sorcerer\u2019s Arena, Kim Kardashian: Hollywood<\/i> and MLB Tap Sports Baseball <\/i>available worldwide on various platforms including the App Store and Google Play. For more information, visit www.glu.com<\/a> or follow Glu on Twitter, Facebook and Instagram.\n<\/p>\n

\nCovet Fashion, Deer Hunter, Design Home, Diner DASH, Tap Sports, Glu and Glu Mobile are trademarks of Glu Mobile Inc.\n<\/p>\n

\nCategory: Company News\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210429005646\/en\/<\/a><\/span><\/p>\n

Electronic Arts Media Relations:
\n<\/b>
John Reseburg
\n
VP, Global Communications
\n
650-628-3601
\n
jreseburg@ea.com<\/a><\/p>\n

Electronic Arts Investor Relations:
\n<\/b>
Chris Evenden
\n
VP, Investor Relations
\n
408-627-0608
\n
cevenden@ea.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Entertainment Consumer Electronics Technology Mobile Entertainment Software Electronic Games<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Electronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming Acquisition brings together two leading mobile organizations with expert, mobile-first teams and complementary games across the sports, lifestyle, mid-core, and casual genres. REDWOOD CITY, Calif.–(BUSINESS WIRE)– Electronic Arts Inc. (NASDAQ: EA), a global leader in interactive entertainment, today announced the completion of its acquisition of Glu Mobile Inc. (NASDAQ: GLUU) for $2.1 billion in enterprise value. The combination of Electronic Arts and Glu accelerates EA\u2019s mobile portfolio growth and will fuel new experiences in mobile, the largest gaming platform in the world. The deal will add significant growth to EA\u2019s mobile business, building on its network of 100 million monthly active players in mobile, and … <\/p>\n

Continue reading “Electronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-484437","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nElectronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/electronic-arts-completes-acquisition-of-glu-mobile-creating-a-new-global-leader-in-mobile-gaming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Electronic Arts Completes Acquisition of Glu Mobile, Creating a New Global Leader in Mobile Gaming Acquisition brings together two leading mobile organizations with expert, mobile-first teams and complementary games across the sports, lifestyle, mid-core, and casual genres. REDWOOD CITY, Calif.–(BUSINESS WIRE)– Electronic Arts Inc. (NASDAQ: EA), a global leader in interactive entertainment, today announced the completion of its acquisition of Glu Mobile Inc. (NASDAQ: GLUU) for $2.1 billion in enterprise value. The combination of Electronic Arts and Glu accelerates EA\u2019s mobile portfolio growth and will fuel new experiences in mobile, the largest gaming platform in the world. 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