EA IN ‘LATE STAGE’ DISCUSSIONS TO BUY POPCAP

Following rumors of the $1 billion buyout, TechCrunch fingers Electronic Arts as the swain opposed for the infrequent gaming publisher.
What you heard: Yesterday evening, TechCrunch reported that infrequent diversion publishing house PopCap Games was the theme of the $1 billion buyout. The AOL-owned record blog listed 3 intensity suitors: an unnamed Asian diversion company, Facebook diversion titan Zynga, or normal megapublisher Electronic Arts.
Early this morning, TechCrunch narrowed the list of suspects to one–EA. Citing dual unnamed sources tighten to the deal, the blog says that the Redwood City, CA-based association is in “late theatre merger discussions” to buy the Bejeweled and- Peggle creator, that is formed in Seattle, WA.
PopCap’s squeeze cost reportedly stays “a total of over $1 billion”–some thirteen percent of EA’s complete marketplace capitalization. TechCrunch’s sources contend the tall cost stems from EA’s zeal to expand- the participation in the infrequent gaming space, with the pierce being described as the “Hail Mary pass.” Investors have been already heedful of the deal, with EA’s share cost slipping scarcely 4 percent as of press time.
If it comes to pass, EA’s PopCap buyout would symbol the ultimate infrequent diversion merger by the publisher. In Nov 2009, the association scooped up Facebook diversion publishing house Playfish in the understanding value up to $400 million. Then, in Oct 2010, it netted Angry Birds publishing house Chillingo–but not the developer, Rovio–for $20 million.
Patrick 24 Jun, 2011--
Source: http://www.digdod.com/ea-in-late-stage-discussions-to-buy-popcap-1034365.html
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