logo
logo

Electronic Arts Completes Acquisition Of Mobile Game Creator Playdemic From At&T

Sep 20, 2021•almost 4 years ago

Acquiring Company

Origin

Acquired Company

Mobile Game Creator Playdemic

CambridgeManufacturing

Description

Today, Electronic Arts (NASDAQ:EA), AT&T* (NYSE:T) and WarnerMedia announced the completion of EA’s acquisition of Warner Bros. Games’ Playdemic, Ltd. for $1.4 billion in cash, subject to customary purchase price adjustments.

Company Information

Company

Origin

Location

Cambridge, Maryland, United States

About

The Cambridge-based startup, in an effort to make food supplies more sustainable, has created decentralised mini-farms for insects, which are designed to convert food waste from supermarkets into animal feed.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed