ELECTRONIC ARTS ACQUIRES GAME STUDIO GLU MOBILE FOR $2.1 BILLION

Highlights

• Electronic Arts on Monday made an announcement, which stated that it had purchased game studio Glu Mobile for a whopping sum of $2.1 billion

• This acquisition is likely to be completed by the end of June, pending approval of Glu shareholders and approval of regulators

• The Glu team, which has developed games like Design Home and Covet Fashion has over 500 mobile game developers