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PopCap Games acquired by gaming software giant Electronic Arts

Thursday July 14, 2011 : $750 million deal, with another $550 million depending on performance
 
The Seattle-based developer of online games for mobile phones, tablets, PCs and social network sites, PopCap Games, is to be acquired by gaming software giant Electronic Arts for $650 million in cash and $100 million in shares of EA common stock, with a further $550 million payable depending on agreed performance targets being met.
 
With blockbuster titles like Plants vs. Zombies, Bejeweled, and Zuma, and a proven ability to create new hits, PopCap is respected as a major player in the fast growing market for casual digital games, and its products can be seen on many online gambling sites.
 
“EA and PopCap are a compelling combination,” said EA chief exec John Riccitiello this week. “PopCap’s great studio talent and powerful IP add to EA’s momentum and accelerate our drive towards a $1 billion digital business. EA’s global studio and publishing network will help PopCap rapidly expand their business to more digital devices, more countries, and more channels.”
 
“We picked EA because they have recast their culture around making great digital games,” said David Roberts, CEO of PopCap. “By working with EA, we'll scale our games and services to deliver more social, mobile, casual fun to an even bigger, global audience.”
 
PopCap is headquartered in Seattle, with several smaller studios around the world.
 
“PopCap has a proven financial trajectory with sustained revenue growth and double-digit operating margins,” said EA CFO Eric Brown.
 
More than 150 million PopCap games are installed and played worldwide on platforms such as Facebook, RenRen, Google, iPhone, iPad and Android. In calendar year 2010, approximately 80 percent of PopCap’s revenue was on high growth digital platforms.
 
The transaction is expected to close in August.
 
In preparations for the deal, EA received $550 million in debt commitments from Morgan Stanley, JPMorgan Chasen and UBS. It was also advised by Morgan Stanley and UBS.
 
When the sale is complete, PopCap will become a part of EA Interactive – led by Barry Cottle.



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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