Electronic Arts

Technology • Games
Electronic Arts is set to acquire the British video-game-maker Codemasters, paying an estimated $1.2bn
F1 Game
F1 Game Credit: Codemasters

Video game giant Electronic Arts announced it would buy Britain's Codemasters, known for its F1 and Dirt racing game franchises., in a deal worth $1.2 billion. EA's move has come as a surprise - most people thought Take-Two's proposal last month (had offered a package worth $973m) was pretty much a done deal, and Codemasters itself had supported the earlier buy-out plan.

There is still a chance that Take-Two could respond with a better offer, and spark a bidding war between the two US gaming giants. This particular race is not won quite yet.

"We believe there is a deeply compelling opportunity in bringing together Codemasters and Electronic Arts to create amazing and innovative new racing games for fans," said EA's CEO Andrew Wilson.

Technology • Games
Microsoft is reportedly interested in buying WB Interactive
Mortal Kombat 11
Mortal Kombat 11 Credit: Microsoft (Reproduction)

Following the news that AT&T is considering parting ways with Warner Bros., Microsoft is considering acquiring the game division.

The Information reported that Microsoft is not the only one interested in the company; EA, Take-Two and Activision Blizzard are also considering buying WB Interactive and its several development studios (Avalanche Software, Monolith Productions, NetherRealm Studios, Rocksteady Studios, TT Games, and many others).

Technology • Games
Spain's La Liga to be exclusive on FIFA franchise until 2030
FIFA 20 screenshot
FIFA 20 screenshot Credit: Electronic Arts

La Liga will be exclusive to the FIFA game franchise until 2030, Electronic Arts announced it today. The new 10-year agreement is the longest renewal in the partnership between Electronica Arts and La Liga.

The announcement also includes a commitment to grow fandom and esports participation through LaLiga’s official esports competition, eLaLiga Santander.

Technology • Games
Electronic Arts beats investor expectations with $1.39 billion revenue in Q4
FIFA 20, an Electronic Arts game, screenshot
FIFA 20, an Electronic Arts game, screenshot Credit: Electronic Arts

Electronic Arts delivered financial results today above investor expectations. The game publisher generated $1.39 billion in revenues for Q4 -- against the $1.19 billion predicted by analysts.

The company credits its digital sales and strong franchises for its growth. That includes $4.05 billion in digital net bookings for fiscal 2020. That’s up 9% year-over-year, and EA says it accounts for 78% of its total net bookings.

“We’re humbled to see people around the world connecting through our games during this unprecedented period,” EA CEO Andrew Wilson said.