Sources: PopCap Buyer Is EA
June 23, 2011 at 01:43 AM EDT
Following up on our story earlier this evening that PopCap Games is in the process of being acquired for a sum of over $1 billion — we've now heard from two sources that the buyer is Electronic Arts. The high price of the deal ($1+ billion) means that this would be a huge bet for EA — we're talking over 13% of the company's market cap . But we're hearing that EA is viewing this as a Hail Mary pass to break into mobile and social gaming — areas where the company hasn't done nearly as well as it has in the console arena.