EA Completes Acquisition Of Mobile Game Creator From AT&T

(RTTNews) - The Redwood City-headquartered Electronic Arts (EA), a digital interactive entertainment provider, on Monday announced the completion of acquisition of Warner Bros. Games' Playdemic, Ltd., a mobile gaming company of AT&T (T), a Texas-based telecommunication firm, for $1.4 billion in cash.

This acquisition is part of Electronic Arts' mobile growth strategy focused on delivering new interactive entertainment for its network of nearly half a billion players around the world.

"With the addition of Playdemic, the Electronic Arts portfolio now spans more than 18 top mobile live services across fast-growing genres, including lifestyle, casual, sports, and mid-core games," the company said in a statement.