Electronic Arts, Inc.

NASDAQ:EA   4:00:00 PM EDT
-0.39 (-0.33%)
: $118.64 0.00 (0.00%)
Layoffs, Earnings Announcements, Mergers / Acquisitions

Electronic Arts Says Agreement To Buy Codemasters For About £945 Mln

Published: 12/14/2020 07:25 GMT
Electronic Arts, Inc. (EA) - Electronic Arts Inc. Codemasters Grp Hldg - Recommended Cash Offer by Electronic Arts Inc.electronic Arts Inc - Under Terms of Acquisition, Codemasters Shareholders Will Be Entitled to Receive: for Each Codemasters Share 604 Pence in Cash.
Electronic Arts - Terms of Deal Value Codemasters' Entire Issued & to Be Issued Share Capital at About £945 Million (us$1,248 Million) on Fully Diluted Basis.
Electronic Arts Inc - Acquisition is Expected to Become Effective in Q1 of 2021.
Electronic Arts - Codemasters' Existing Executive Management Team Will Remain in Place Following Completion of Acquisition.
Electronic Arts Inc - It is Anticipated That There Will Not Be a Material Reduction in Combined Headcount of Ea and Codemasters.
Revenue is expected to be $1.76 Billion
Adjusted EPS is expected to be $1.34

Next Quarter Revenue Guidance is expected to be $1.61 Billion
Next Quarter EPS Guidance is expected to be $0.89

More details on our Analysts Page.