Electronic Arts (EA, $146.11) will buy Glu Mobile for $2.4 billion

Video game company Electronic Arts  said it is acquiring Glu Mobile   for $12.50 a share in cash, or $2.4 billion. The deal is expected to expand the company’s mobile-games business.

If the deal is completed, the combined companies will have a portfolio including more than 15 live services with a combined $1.32 billion in bookings over the past 12 months, EA said. 

The combined organization will “build on EA’s network of 430 million players, including more than 100 million monthly active players in mobile,” EA said.

Glu is known for its Covet Fashion, Deer Hunter, MLB Tap Sports Baseball, and  Kim Kardashian: Hollywood games.

 The deal is expected to close in the second quarter, conditional on regulatory clearances and a vote of Glu holders.

"Our acquisition of Glu combines amazing teams and deeply engaging products to create a mobile games leader with proven expertise across many fast-growing genres," Andrew Wilson, chief executive of Electronic Arts, said in a statement.

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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.