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from the Register UK:



Console gaming giant goes into handjobs
Electronic Arts buys Bejeweled maker PopCap

By John Oates • Get more from this author
Posted in Business, 13th July 2011 12:38 GMT


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. ............(more)

The complete piece is at: http://www.theregister.co.uk/2011/07/13/ea_buys_popcap/