Online game big Digital Arts is continuous to make M&A strikes because it seems to bulk up its presence within the cellular gaming world.
Recent off the $2.four billion acquisition of Glu Cellular this previous April, their largest buy to this point, Digital Arts introduced Wednesday that they’re shopping for Warner Bros. Video games’ cellular gaming studio Playdemic for $1.four billion in an all-cash deal. The Manchester studio is finest identified for its launch “Golf Clash” which the studio boasts has greater than 80 million downloads globally.
The fairly ominously-named startup is being jettisoned to its new house forward of the $43 billion WarnerMedia-Discovery deal the place the remainder of the Warner Bros. Video games division will reside post-merger.
Digital Arts is the second-largest Western video video games firm with a market cap round $40 billion. Their success has largely come from desktop and console titles together with titles of their hottest franchises like Battlefield, Star Wars and Titanfall. Cellular dominance hasn’t come straightforward to the corporate which has spent a lot of the previous decade or so attempting to maintain tempo with rivals like Activision Blizzard which struck gold with its 2016 King acquisition.
Digital Arts has been on a studio shopping for spree as of late — in 2021 they’ve introduced three main acquisitions value some $5 billion mixed.