Electronic Arts has acquired Golf Clash creator Playdemic from WarnerMedia for $1.4 billion in cash as EA shores up its sports game portfolio.
That’s a lot of money for a development studio with just one game, but a free-to-play Golf Clash has been a big moneymaker, with 80 million downloads over the past four years. GamesBeat hears that Playdemic generated $200 million in revenue last year and had a profit (earnings before interest, taxes, depreciation and amortization, or EBITDA) of $80 million.
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