Andre Yoskowitz
14 Aug 2011 0:36
Electronic Arts (EA) has now completed its previously announced acquisition of popular casual gaming company PopCap Games.
PopCap, the company behind blockbuster games like Plants vs. Zombies and Bejeweled, made over $100 million in revenue last year and is a top social/mobile gaming outfit with around 4.3 million active daily gamers.
The final price is $650 million in cash and $100 million in EA stock.
Furthermore, if PopCap hits certain volume and financial goals by the end of the 2013, the company will earn a $550 million bonus earn-out.
The company will be melted into EA's casual gaming division.