At 10 times sales, somebody must see some growth opportunity
From Marketwatch Electronic Arts to buy Jamdat Mobile for $680m
Electronic Arts Inc. said on Thursday it would buy Jamdat Mobile Inc. in a $680 million deal to increase its share of the fast-growing mobile gaming business, sending Jamdat shares up over 18 percent.
EA, the world's biggest video game publisher, said it would pay $27 per Jamdat share in cash and assume outstanding stock options. The two companies plan to publish more than 50 games for mobile phones in the first year after the completion of the deal.
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