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EA will buy mobile game developer Glu Mobile for $ 2.1 billion
09.02.2021 [09:45],
Arthur Khamzin

Electronic Arts has announced the purchase of a major mobile game developer Glu Mobile. This is reported on the company’s website. The deal will amount to $ 2.1 billion. The purchase will allow EA to expand its mobile games business.

Link Cable Gaming

The publisher claims the merger will help the parties complement each other by creating games in different genres for a demographically diverse audience. In addition, the experience of Glu Mobile will make it possible to more successfully monetize sports and casual projects that are planned to be developed in the future based on EA’s intellectual property.

“Mobile devices continue to evolve to become the largest gaming platform in the world. With the addition of Glu’s talent, we doubled the size of our mobile gaming business. With a broad portfolio of intellectual property and an expanding audience, we will provide our players with a more immersive gaming experience, ”said EA CEO Andrew Wilson.

EA will buy developer shares at $ 12.5 per share, adding 36% to their value. As part of the merger, Glu Mobile will file the relevant documents with the US Securities Commission. If approved by the regulator, the deal is planned to be closed in June 2021.

Glu Mobile founded in 2021 in San Francisco. The company employs about 800 people, 500 of whom are developers. Glu Mobile’s library includes projects such as Covet Fashion, Deer Hunter, Design Home, Disney Sorcerer’s Arena and MLB Tap Sports Baseball.

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