Feeds

Console gaming giant goes into handjobs

Electronic Arts buys Bejeweled maker PopCap

High performance access to file storage

Game giant Electronic Arts is spending over a billion dollars on phone and iPad gaming company PopCap – the maker of Bejeweled and Plants vs Zombies.

EA is handing over $650m in cash plus $100m in EA shares to some PopCap shareholders.

Additionally PopCap can earn another $550m if it hits sales targets for the next two years. EA is also promising $50m in shares to keep current staff employed at the firm.

The takeover should close in August 2011 as long as the usual conditions are met and regulators are happy. EA expects no impact on earnings per share for 2012 and a fillip of 10 cents per share in 2013.

PopCap specialises in what it calls "casual gaming" – the move away from complex, all-consuming console games to short-playing games played on a phone or other handheld device. Or as they put it: "Our games are sprinkled with a whirlwind of smile-inducing awesomeness and polished to a timeless sheen". The company was founded in 2000 and now employs 400 people, has created over 50 games, downloaded 1.5 billion times and claims one billion people have played at least one of their games. More than 65 per cent of its gamers are women.

EA and PopCap's press release is here.

EA also upgraded its guidance for the financial year 2012. It now expects revenues of between $3,800m and $4,025m giving earnings per share between 70 cents and 90 cents. ®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.