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Thursday, July 14, 2011
 
Electronic Arts Acquires PopCap Games
6:00 AM | Cord Kruse | 9 comments

Electronic Arts recently announced an agreement to acquire popular casual games developer PopCap Games, known for titles like Plants vs. Zombies, Bejeweled, and Zuma. EA will pay approximately $650 million in cash and $100 million in shares of EA common stock to purchase the company.

"EA and PopCap are a compelling combination," said EA CEO John Riccitiello. "PopCap's great studio talent and powerful IP add to EA's momentum and accelerate our drive towards a $1 billion digital business. EA's global studio and publishing network will help PopCap rapidly expand their business to more digital devices, more countries, and more channels."

"We picked EA because they have recast their culture around making great digital games," said David Roberts, CEO of PopCap. "By working with EA, we'll scale our games and services to deliver more social, mobile, casual fun to an even bigger, global audience."

"PopCap has a proven financial trajectory with sustained revenue growth and double-digit operating margins," said EA CFO Eric Brown. "On a non-GAAP basis, this deal is expected to be at least ten-cents accretive in fiscal year 2013."

From PopCap's letter to the fans:
It means PopCap will join forces with one of the world’s largest game publishers, giving us access to many more resources and a greatly expanded global audience. It doesn’t mean that PopCap is going away or changing what we do or how we do it. On the contrary, PopCap’s creative culture is the main reason EA was interested in us. We’re not changing our focus from creating awesome casual games everyone can enjoy.

Learn more at the links below.

Worthplaying: EA Buys PopCap
PopCap's Open Letter To Fans
Electronic Arts
PopCap Games


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Archives  News  Electronic Arts Acquires PopCap Games