EA Buys Jamdat for $680M
Submitted by Varun Krish on December 9, 2005 – 1:04 pm
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In an effort to expand its mobile gaming portfolio, Electronic Arts has announced that they will be acquiring Jamdat Mobile – the top publisher of wireless video games.
Jamdat is the publisher of such popular games as Tetris, Downtown Texas Hold ‘Em, and Bejeweled. The acquisition, expected to close in EA’s fiscal fourth quarter ending March 2006, will cost Electronic Arts US$27 a share, or $680 million USD total. The deal is an 18% premium over Jamdat’s Thursday closing price of US$22.77 a share.
Jamdat is based in Los Angeles, and has 350 employees across the globe.
via [red herring]
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