Electronic Arts Inc - EA STOCK NEWS

Electronic Arts (NASDAQ: EA) and Velan Studios announced the launch of Knockout City, a competitive multiplayer dodgeball game, set to release on May 21, 2021. The game features cross-play and cross-progression across various platforms, including PlayStation 4, Xbox One, Nintendo Switch, and PC. A closed beta will occur on February 20-21, 2021, allowing players to experience the game early. Knockout City will offer customization options and a free trial period at launch, where players can transfer their progress if they purchase the game for $19.99.

Electronic Arts (NASDAQ: EA) announced a $750 million offering of 1.850% Senior Notes due 2031 and 2.950% Senior Notes due 2051, priced at 99.727% and 99.466% of the principal amount, respectively. The offering is set to close on February 11, 2021, pending customary conditions. EA plans to use the proceeds for general corporate purposes, including acquisitions. J.P. Morgan Securities, BofA Securities, BNP Paribas, and Citigroup are managing the offering. The notes are part of an effective shelf registration statement filed with the SEC, with details available on their website.

Electronic Arts (NASDAQ: EA) plans to offer senior notes in a public offering, subject to market conditions. The net proceeds will be utilized for general corporate purposes, including potential acquisitions. J.P. Morgan Securities and BofA Securities will serve as joint book-running managers for this offering, which is associated with an effective shelf registration statement filed with the SEC. EA's fiscal year 2020 saw GAAP net revenue of $5.5 billion, highlighting its position in the digital interactive entertainment sector.

Electronic Arts (EA) is acquiring Glu Mobile (GLUU) for $2.1 billion in enterprise value. Glu stockholders will receive $12.50 in cash per share, representing a 36% premium on the closing price as of February 5, 2021. The acquisition will enhance EA’s mobile portfolio significantly, with an expected increase in profitability from the first year. EA aims to leverage Glu’s strong franchises and teams to expand its market presence and tap into new audiences globally. The deal has been approved by both companies' boards and is expected to close by June 30, 2021, pending regulatory approvals.

ESE Entertainment Inc. has partnered with Rio Ave Football Club, a top-tier Portuguese football club, through its esports team, K1CK. This collaboration aims to enhance market reach via cross-promotional activities and shared events, including establishing an esports team for Rio Ave FC. K1CK players will represent Rio Ave FC in FIFA competitions, targeting qualification for the prestigious eChampions League. ESE's CEO highlighted the potential for growth in the esports sector through this partnership.

ESE Entertainment has announced a partnership with Rio Ave Football Club, expanding its reach in the esports market. This collaboration will include developing esports infrastructure and managing esports operations for the Portuguese Premier League club. K1CK, ESE's esports team, will help Rio Ave FC establish its own esports team and participate in FIFA competitions, targeting entry into the eChampions League. Both organizations aim to enhance visibility through cross-promotions and events at Rio Ave FC's stadium.

Electronic Arts (NASDAQ: EA) predicts a Kansas City Chiefs victory over the Tampa Bay Buccaneers in Super Bowl LV, with a final score of 37-27. The simulation, conducted using EA SPORTS Madden NFL 21, forecasts Patrick Mahomes as MVP for the second consecutive year, throwing for 422 yards and four touchdowns. This outcome aligns with last year's correct prediction of the Chiefs' Super Bowl LIV win. EA SPORTS Madden NFL 21 is available across multiple platforms, and players can enjoy a 60% discount on the Superstar Edition.

Electronic Arts Inc. (NASDAQ: EA) announced its preliminary financial results for Q3 of the fiscal year ending December 31, 2020. Net bookings for the trailing twelve months reached $5.956 billion, marking an 8% year-over-year increase. The company plans to raise its net bookings outlook due to strong performance in live services like FIFA Ultimate Team and Apex Legends. EA reported a net income of $211 million and diluted earnings per share of $0.72. Additionally, EA declared a cash dividend of $0.17 per share, payable on March 24, 2021.

Electronic Arts (NASDAQ: EA) has announced the worldwide launch of Mass Effect Legendary Edition on May 14, available on PC, PlayStation 4, and Xbox One, with compatibility on PS5 and Xbox Series X|S. This remastered edition includes enhanced visuals and over 40 pieces of DLC from the original trilogy, allowing players to experience Commander Shepard's journey in 4K Ultra HD. Improvements include updated character models, gameplay enhancements, and expanded character creation options, aiming to attract both new and returning players.