EA Lines up PopCap Games
Listed, California-based games developer Electronic Arts will acquire PopCap Games, the companies announced Tuesday. EA will pay approximately $650 million in cash and $100 million in shares of EA common stock to be issued to certain stockholders of PopCap. EA has executed a commitment letter for a $550 million senior unsecured bridge facility for the deal. Morgan Stanley & Co. LLC provided EA's board of directors valuation advice in connection with the transaction. EA was also assisted by UBS Investment Bank.
12 July 2011•10 mins read
