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Mmoexp - 5 Reasons Why Electronic Arts Is Buying Glu Mobile
 Wednesday, May 12th 2021, 6:33 AM;  193;  0;  +0 | 0 | -0
What's the financial opportunity?EA estimates that the worldwide market for sports video games will be over $11 billion $7 billion on games console and PC, although the market for cellular is 4.3 billion.
What is more, spending on sports is growing faster than other match forms with cellular sport growing at a compound annual rate of 24% over the last four decades. EA's aim to reach 500 million gamers and audiences should not be sudden. The market for interactive entertainment has been growing since day one. New technology and strategies to play games such as cloud-based subscription services and cellular platforms have only enlarged the audience over the previous ten years and will keep doing so.
The company is currently firing on all cylinders with The Sims and Apex Legends also showing steady growth in bookings. The recent acquisitions and new games in the pipeline supply this market leader with lots of catalysts during the upcoming few years.
Should you spend $1,000 in Digital Arts Inc. directly now?Before you believe Electronic Arts Inc., you'll want to listen to this.Investing legends and Motley Fool Co-founders David and Tom Gardner only revealed exactly what they believe are the 10 best stocks for investors to purchase today... and Electronic Arts Inc. was not one of them.The online investing service they have run for nearly two years, Motley Fool Stock Advisor, has conquered the stock exchange by over 4X. * And at this time, they believe that there are 10 stocks which are better buys.
5 Reasons Electronic Arts Is Buying Glu Mobile.On the heels of a $1.2 billion deal to purchase U.K.-based Codemasters (declared in late 2020), Electronics is currently setting up one of the major mobile game developers in the world.Here are five graphs that illustrate why Electronic Arts is paying $2.1 billion to buy Glu Mobile.
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