EA's got money to spare.FUT Coins entered calendar 2021 having tons of money to reinvest or obtain elite studios for example Glu to extend its dominance in the gambling market.The company made $1.9 billion in free cash flow over the last four quarters.
The Codemasters deal is expected to close this month, while Glu Mobile should close during the June-ending quarter. Even after both of these deals are finish, EA will still have a couple billion bucks' worth of money on the balance sheet with almost $2 billion in free cash flow coming in every year.The inclusion of Glu Mobile will jumpstart EA's expansion in a cell market that climbed an estimated 25% last year, reaching $86 billion in worldwide revenue, based on Newzoo.In brief, this purchase is a major upgrade for Electronic Arts' mobile game industry, and that's why the inventory jumped to a new high on the news.
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