games

EA acquires Titanfall developer, Respawn Entertainment

Electronic Arts is set to acquire developer of the critically-acclaimed franchise, Titanfall, in a deal valued over $400 million.


Bryan Cano


Electronic Arts Inc. (NASDAQ: EA) announced the acquisition of the studio responsible for the critically-acclaimed Titanfall franchise, Respawn Entertainment, LLC. Moves for acquisition were decided after a proven successful partnership between Respawn Entertainment and EA. Additionally, EA and Respawn Entertainment have multiple projects? in development such as a "new title in the Titanfall franchise, a game set in the Star Wars universe and a VR gaming experience."

Our longtime partnership is grounded in a shared desire to push the boundaries and deliver extraordinary and innovative new experiences for players around the world. Together, weve brought this to life in the Titanfall franchise, and now with the Respawn team joining EA, we have exciting plans to accomplish even more amazing things in the future.

Andrew Wilson
CEO of Electronic Arts

In addition to $151 million in cash, EA's agreement proposes up to $164 million in long-term equity to employees in the form of restricted stock units, vesting in 4 years. EA is also offering up to $140 million in consideration contingent upon milestones and achievements. The transaction is expected to close by the end of 2017.

SOU  RCES
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