Electronic Arts to Buy Glu Mobile, Maker of Kardashian Game (2)

Feb. 8, 2021, 11:05 PM

Electronic Arts Inc., maker of the Madden football video games, agreed to buy rival Glu Mobile Inc. for $2.1 billion, obtaining titles like Kim Kardashian: Hollywood amid a surge in at-home play during the pandemic.

Electronic Arts will pay $12.50 a share for Glu Mobile, according to a statement Monday. That’s a 33% premium over the closing price of $9.39 in New York. Chinese giant Tencent Holdings Ltd. owns a 12.2% stake in the company.

“Mobile continues to grow as the biggest gaming platform in the world, and with the addition of Glu’s games and talent, we’re doubling ...

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