EA Acquiring PopCap, Internet Collectively Sighs in Defeat
It’s official: uber-publisher and creator of the Origin PC game download portal Electronic Arts is in the process of swallowing up the much smaller PopCap Games like so much goat down an anaconda’s gullet.
There’s a little bit in the way of conflicting information as to what it will actually cost, but it seems EA will pay $650 million in cash plus another $100 million in stocks, and a long-term earn-out that could drive the total price up to $1.2 billion, all told. Provided the investors approve, the sale will get finalized in August.
You might have heard of PopCap, as it’s the developer behind such titles as Plants vs. Zombies, Peggle and Bejeweled. They make 80 percent of their revenue from digital platforms, according to Tech Crunch, and they’re also getting in good in the mobile sphere, with Plants vs. Zombies just recently jumping over to Google’s Android platform from Apple’s iOS.
Meanwhile, as the news spread across the Internet, everyone in games collectively made fun of the situation by suggesting that Electronic Arts would be mixing PopCap games with existing EA franchises (Peggle of Honor was a good one, as was Need for Seed [referring to Plants vs. Zombies]). And we all looked on the future of gaming and despaired, as it’s more than likely PopCap titles will be disappearing from Steam in the future and going the way of Origin.
At least those of us who like mobile games will probably get access to PopCap titles during EA’s insane sales. Unfortunately, those of us who like PC games will probably get pretty much nothing good out of this. Prove me wrong, EA.
Via Traders Huddle.