Electronic Arts Acquires Warner Bros' Playdemic For $1.4B Cash

Electronic Arts Inc EA has acquired Warner Bros. Games' Playdemic, Ltd from AT&T Inc's T for $1.4 billion in cash.
Playdemic is a premier mobile gaming company known for Golf Clash. Golf Clash is available on Apple Inc AAPL iOS, Alphabet Inc's GOOG GOOGL, Android, and Facebook Inc FB.
Golf Clash allows players to compete with each other globally in real-time.
Electronic Arts held $6.4 billion in cash and equivalents as of Mar. 31, 2021.
Price action: EA shares traded higher by 0.09% at $140.98 on the last check Wednesday.