EA Completes Acquisition of JAMDAT Mobile
February 15 2006 - 4:30PM
Business Wire
Electronic Arts Inc. (NASDAQ:ERTS) today announced that it has
completed its acquisition of JAMDAT Mobile Inc. (NASDAQ:JMDT),
making EA the world's leading wireless entertainment publisher. EA
Mobile has more than 400 employees in seven locations around the
world and, with new releases of Tetris, Bejeweled, Bowling, The
Sims(TM), Need For Speed(TM), Madden NFL(TM) and EA SPORTS(TM) FIFA
Soccer, boasts an unsurpassed line-up of mobile games. Mitch Lasky
has been named Senior Vice President of EA Mobile and will oversee
its global operations. Michael Marchetti has been named Vice
President and Chief Operating Officer of EA Mobile. "We welcome the
JAMDAT team into the EA family with great enthusiasm. Bringing the
talent, technology and expertise of the world's leading mobile
entertainment publisher into EA is a win for game players and
positions our company for further growth in this important market,"
said EA Chairman and Chief Executive Officer Larry Probst. "Today
is a great day for mobile game players worldwide. The EA Mobile
portfolio of titles now features the best in class of leisure,
sports and action games -- all built on state-of-the art
technology. Our combined management, sales and creative teams will
allow us to innovate and grow the mobile games category worldwide,"
said Mr. Lasky. About Electronic Arts Electronic Arts (EA),
headquartered in Redwood City, California, is the world's leading
interactive entertainment software company. Founded in 1982, the
company develops, publishes, and distributes interactive software
worldwide for videogame systems, personal computers and the
Internet. Electronic Arts markets its products under four brand
names: EA SPORTS(TM), EA(TM), EA SPORTS BIG(TM) and POGO(TM). In
fiscal 2005, EA posted revenues of $3.1 billion and had 31 titles
that sold more than one million copies. EA's homepage and online
game site is www.ea.com. More information about EA's products and
full text of press releases can be found on the Internet at
http://info.ea.com. Electronic Arts, EA, EA SPORTS, EA SPORTS BIG,
POGO, The Sims and Need for Speed are trademarks or registered
trademarks of Electronic Arts Inc. in the U.S. and/or other
countries. John Madden, NFL and FIFA are trademarks and property of
their respective owners and used with permission. All other
trademarks are the property of their respective owners. Some
statements set forth in this release contain forward-looking
statements that are subject to change. Statements including words
such as "anticipate", "believe", "estimate", "expect" and "plan"
and statements in the future tense are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that could cause actual events or actual future
results to differ materially from the expectations set forth in the
forward-looking statements. Some of the factors which could cause
the Company's results to differ materially from its expectations
include the following: the Company's ability to successfully
integrate JAMDAT's operations and employees; consumer spending
trends; the seasonal and cyclical nature of the interactive game
segment; timely development and release of Electronic Arts'
products; competition in the interactive entertainment industry;
general economic conditions; and other factors described in the
Company's annual report on Form 10-K for the year ended March 31,
2005 and Form 10-Q for the quarter ended December 31, 2005. These
forward-looking statements speak only as of February 15, 2006.
Electronic Arts does not intend to update these forward-looking
statements.
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