June 23, 2021 10:08 AM 1 min read

Electronic Arts Acquires Warner Bros' Playdemic For $1.4B Cash

by Anusuya Lahiri Benzinga Editor
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  • Electronic Arts Inc EA has acquired Warner Bros. Games' Playdemic, Ltd from AT&T Inc's T for $1.4 billion in cash.
  • Playdemic is a premier mobile gaming company known for Golf Clash. Golf Clash is available on Apple Inc AAPL iOS, Alphabet Inc's GOOG GOOGL, Android, and Facebook Inc FB.
  • Golf Clash allows players to compete with each other globally in real-time.
  • Electronic Arts held $6.4 billion in cash and equivalents as of Mar. 31, 2021.
  • Price action: EA shares traded higher by 0.09% at $140.98 on the last check Wednesday.
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