On a forward price-to-earnings basis, Glu trades at a multiple of 25, that looks like a relatively great deal in comparison to its bigger peer Zynga, which trades in a greater forwards P/E of 28. Glu is also a better bargain on a price-to-sales basis with FIFA Coins a multiple just below four, whereas Zynga trades at closer to six times earnings, up there with the industry's top gaming stocks.

EA's got cash to spare.EA entered calendar 2021 having loads of cash to reinvest or acquire elite studios for example Glu to extend its dominance in the gambling market.The company made $1.9 billion in free cash flow during the last four quarters. Even after both of these deals are finish, EA will nonetheless have a couple billion dollars' worth of money on the balance sheet with nearly $2 billion in free cash flow coming from every year.The addition of Glu Mobile will jumpstart EA's growth in a mobile market that grew an estimated 25 percent last year, reaching $86 billion in global revenue, based on Newzoo.In short, this acquisition is a major update for Digital Arts' mobile game business, and that's the reason why the inventory jumped to a new high on the information.

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