The Traderszone Network

Published in TZ Latest News 27 June, 2021 by The TZ Newswire Staff

Electronic Arts Just Bought Another Mobile Studio: Here’s What Investors Need to Know

News came out on June 23 that video game conglomerate Electronic Arts (NASDAQ: EA) is planning to buy mobile studio Playdemic from Warner Media. The deal is a part of the Warner Media-Discovery merger that was announced a few weeks ago.

EA is buying the studio for $1.4 billion in cash. Here’s what investors need to know about the deal, and what it could mean for the company going forward.

Image source: Getty Images.

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