EA has announced that it has acquired Playfish Limited, a leading social games company, for approximately $275 million in cash and approximately $25 million in equity retention arrangements. In addition, the sellers are entitled to up to an additional $100 million in consideration upon the achievement of certain performance milestones. The acquisition accelerates EA’s growth in social entertainment and strengthens its focus on the transition to digital and social gaming.
I'm torn on this. On the one hand I dislike EA for many of the things they have done to the gaming industry over the years (despite the things they did well) and I like hearing bad news for the company, but on the other hand I feel for those who will lose their jobs from said news. Anyways, this probably isn't necessarily bad for EA itself.
Tiberius, I was the same until recently. The more industry-related shows I've been to with SIGGRAPH and E3, I've made a lot of friends that work within the many confines of EA. At a corporate level, EA is pretty awful (though they have been getting slightly better) but there are many great people working under the name. It's tragic seeing so many good people busted by this.
primesuspect
Beepin n' BoopinDetroit, MI Icrontian
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that is not good. 15%-20% is a massive amount of people for a company that size.
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