Electronic Arts buying PopCap games for up to $1.3 billion
Electronic Arts Inc , the video game publisher, is buying PopCap Games in a deal worth up to $1.3 billion as it tries to ramp up its social and casual games portfolio and better compete with Zynga Inc. As part of the deal, EA said it will pay about $650 million in cash and $100 million in common stock upfront for the maker of the popular video games ``Bejeweled'' and ``Plants vs. EA could pay up to an additional $550 million if PopCap reaches certain performance targets in about two years.
PopCap Games, the studio with a portfolio including Bejewelled and Plants vs Zombies, is being acquired for over $1 billion, according to TechCrunch.