of winning franchises for that number of NBA Live Mobile Coins years, says Cottle. "It's rare to see an organization that was so consistently able to repeat the success of creating major franchises," he adds. "And they've got very very talented people, so I think we smartly built a business plan on existing franchises." Creating another Peggle "may take some time," says Vechey -- but Cottle tells us EA's very happy with what it's seen in the works at PopCap. "We're looking at every build, every
at every stage of the development process," Cottle says. "We were pleasantly surprised by the great things that these guys have going on Nostalrius buy gold here. On the synergy side, we saw a lot of opportunity where, based on the development scale, [we can] build them out across many different platforms, building some of that great IP. We were very pleased with the diligence process." "I don't think [EA CEO] John Riccitiello would make any deal like this without playing every game," laughs Vechey.
Traders are pushing up the price of major mobile developer Glu Mobile and other gaming companies one day after Electronic Arts announced it would purchase casual developer Popcap games for $750 million.Share of Glu stock were up over 9 percent to $5.68 just after noon, down slightly from a peak of $5.87 per share earlier in the day, its highest trading price since mid-2008.Other gaming companies also seem to be seeing an immediate boost: shares in mobile
Gameloft were up just over 2 percent to $6.85 on the French Stock Exchange today, and NASDAQ shares for casual-focused game-maker Majesco were up 5.67 percent to $3.14 "The acquisition of PopCap Games within the sector is the primary driver," Roth Capital Partners analyst Adam Krejcik told Reuters. "It further validates the interest and value in social and mobile gaming companies and the multiples companies are willing to pay for.""This transaction only heightens speculation for peer companies of PopCap," he continued.Glu posted a $3.2 million dollar loss for the MMOGO first quarter of 2011, an improvement from a $3.7 million loss the year before.
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