Summary:

Electronic Arts (NSDQ: ERTS) is buying out the Korean division of Hands-On Mobile, the mobile gaming company formerly known as Mforma. The K…

Electronic Arts (NSDQ: ERTS) is buying out the Korean division of Hands-On Mobile, the mobile gaming company formerly known as Mforma. The Korean division is best known for its mobile role-playing game, Heroes Lore. Upon completion of the deal, the Korea team will become EA Mobile Korea, and Gilbert Kim, CEO of Hands-On Mobile Korea, will become head of EA Mobile Korea. Financial terms of the acquisition were not disclosed. EA does not expect the acquisition to impact the company

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By Rafat Ali

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