Edition:
India

EA to acquire Respawn Entertainment


Friday, 10 Nov 2017 

Nov 9 (Reuters) - Electronic Arts Inc :EA to acquire Respawn Entertainment.Electronic Arts - ‍under agreement, co will pay $151 million in cash, and up to $164 million in long-term equity in form of restricted stock units to employees​.Electronic Arts Inc - ‍acquisition is expected to be neutral to co's net income in fiscal years 2018 and 2019​.Electronic Arts - co may also have to pay additional variable cash consideration contingent upon achieving certain milestones through calendar 2022​ end.Electronic Arts Inc - ‍additional consideration is limited to a maximum of $140 million​.