Video game giant Electronic Arts announced that it’s preparing to acquire the United States-based video game developer & publisher Glu Mobile for $2.1 billion in enterprise value.
Glu Mobile is widely famous for its celebrity-focused apps including Kim Kardashian: Hollywood. Its library also includes other successful titles such as Covet Fashion, Design Home, Deer Hunter, Disney Sorcerer’s Arena, MLB Tap Sports Baseball and more which collectively have 100 million monthly active users.
Glu has offices in San Francisco, Foster City, Hyderabad and Toronto with nearly 800 employees of which 500 are developers.
EA announced that the acquisition is expected to close during the second quarter of the year ending June 30, 2021.
“Our acquisition of Glu combines amazing teams and deeply-engaging products to create a mobile games leader with proven expertise across many fast-growing genres,” said Electronic Arts CEO Andrew Wilson. “Mobile continues to grow as the biggest gaming platform in the world, and with the addition of Glu’s games and talent, we’re doubling the size of our mobile business.”
“This transaction is the culmination of the tremendous work of the Glu team to deliver world-class interactive experiences for our players, while driving business momentum that has led to strong financial and operational results. It represents a terrific outcome for all of our stockholders and other key constituents,” said Glu CEO Nick Earl. “As part of Electronic Arts, we will continue capitalizing on the opportunities ahead in the expanding mobile gaming industry.”
The news comes after Electronic Arts announced it’s acquiring UK-based Codemasters for $1.2 billion.