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| Xeogaming Forums - General Chat - $680 Million Cash |
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Stitch Roy Koopa Holy crap, it is the RoboCoonie!          Since: 08-20-04 From: California Since last post: 946 days Last activity: 946 days |
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| Electronic Arts acquires Jamdat Mobile for $680 million
The anticipation could be felt as we all gathered in the lobby of our 5th floor office awaiting the news. Were we fired? What's happening? Where's our cut of the $680 million (paid in cash)? Some questions were answered; others weren't. We'll have definite answers by Feb. 2006. Apparently, EA Mobile wasn't doing so well, and since Jamdat is one of the top mobile gaming companies worldwide, rather than compete EA just bought us up. So, I guess we'll be a division of EA Mobile. Technically, at least until the merger is completed, I work for EA now. "Los Angeles-based Jamdat, best known for mobile games such as "Tetris," "Bejeweled" and "Jamdat Bowling," went public in mid-2004 and is seen as the leader in mobile gaming in the United States. Global revenue from games played on mobile phones reached about $1 billion in 2004 and the market is expected to double to roughly $2 billion this year, according to industry research firm Screen Digest. Jamdat and Gameloft of France accounted for almost 30 percent of game download revenue in the United States and in Europe in 2004, Screen Digest said." I guess I work for EA then... |
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