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ELECTRONIC ARTS INC.

(EA)
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ELECTRONIC ARTS INC. : Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

09/20/2021 | 06:04am EDT

Item 2.01 Completion of Acquisition or Disposition of Assets.

On September 20, 2021, Electronic Arts Inc. ("Electronic Arts" or the "Company") completed the previously announced acquisition (the "Acquisition") of Playdemic Limited, a private limited company incorporated in England and Wales ("Playdemic"). Pursuant to the Share Purchase Agreement (the "Share Purchase Agreement"), dated as of June 23, 2021, by and among the Company, Pine Interactive Ltd., a private limited company incorporated in England and wholly owned subsidiary of the Company ("Pine Interactive"), and WB/TT Holdings Limited, a private limited company incorporated in England and Wales ("WB/TT"), an affiliate of AT&T Inc. and WarnerMedia, Pine Interactive acquired the entire share capital of Playdemic for $1.4 billion in cash, subject to customary purchase price adjustments.

The foregoing description of the Acquisition does not purport to be complete and is qualified in its entirety by reference to the Share Purchase Agreement, a copy of which is filed as Exhibit 2.1 to the Current Report on Form 8-K filed by Electronic Arts with the Securities and Exchange Commission on June 23, 2021 and which is incorporated into this Current Report on Form 8-K by reference in its entirety.



Item 7.01  Regulation FD Disclosure.

On September 20, 2021, the Company, AT&T Inc. and WarnerMedia issued a joint press release announcing the closing of the Acquisition. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

The information disclosed under this Item 7.01, including Exhibit 99.1 shall be considered "furnished" but not "filed" for purposes of the Securities Exchange Act of 1934.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.
Exhibit No.                 Description
2.1                         Share Purchase Agreement, dated as of June 23, 2021 by and among the
                            Company, Pine Interactive Ltd. and WB/TT Holdings Limited (incorporated
                            by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K
                            filed with the SEC on June 23, 2021).
99.1                        Press Release, dated as of September 20, 2021.
104                         Cover Page Interactive Data File (embedded within the Inline XBRL
                            document).



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