Benzinga | Jun 23, 2021 10:09AM EDT

Electronic Arts Acquires Warner Bros' Playdemic For $1.4B Cash

* Electronic Arts Inc (NASDAQ:EA) has acquired Warner Bros. Games' Playdemic, Ltd from AT&T Inc's (NYSE:T) for $1.4 billion in cash.

* Playdemic is a premier mobile gaming company known for Golf Clash. Golf Clash is available on Apple Inc (NASDAQ:AAPL) iOS, Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL), Android, and Facebook Inc (NASDAQ:FB).

* Golf Clash allows players to compete with each other globally in real-time.

* Electronic Arts held $6.4 billion in cash and equivalents as of Mar. 31, 2021.

* Price action: EA shares traded higher by 0.09% at $140.98 on the last check Wednesday.