EA To Acquire Jamdat For $680 Million

Electronic Arts is buying the only pure-play public mobile content company in U.S., Jamdat, for $680 million…more to come…and we’ll have exnteded covergae on our sister site MocoNews.net

— EA will pay $27 per share in cash in exchange for each share.

— EA and JAMDAT together plan to publish over 50 games for mobile phones in the first twelve months following the completion of the acquisition

— Upon closing, JAMDAT CEO Mitch Lasky will lead EA’s mobile games business worldwide. The mobile businesses will be combined into one team.

For everything Jamdat, read our company dedicated section, here

Also, there’s an investor conference call at 2:30 PM PST, which will be webcast at http://investor.ea.com

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