American video game company Electronic Arts Inc. will buy Golf Clash maker Playdemic Ltd. for $1.4 billion in cash, the company announced in a statement.
- EA will acquire Playdemic from AT&T and Warner Bros. Games. The transaction price is subject to adjustments and will be retained by AT&T. The transaction is still subject to regulatory approval.
- The remaining Warner Bros. Games portfolio will be part of the combined media and entertainment company following the Warner Media and Discovery merger that will close next year.
- The Playdemic transaction will add to EA’s portfolio of over 15 live services. Its Golf Clash is among the leading mobile games in the United States and the United Kingdom with over 80 million downloads.
- EA Chief Executive Officer Andrew Wilson said the transaction is the next step in expanding the company’s sports portfolio and accelerating mobile growth to reach more players across the globe.
Playdemic Chief Executive Officer Paul Gouge said the company will develop Golf Clash and new titles as part of EA.
EA is down 0.31%, while T is up 0.35%.