EA, which announced the acquisition after the market closed today, said that the two parties agreed to a price of $650 million in cash and $100 million in stock. In addition, PopCap is eligible to receive up to $550 million in earnouts over the next couple years if the company can hit certain revenue milestones.
EA's decision to buy PopCap falls in line with what the company has been saying all along about its future. In May, EA CEO John Riccitiello said that he plans to transform the game publisher "from a packaged goods company to a fully integrated digital entertainment company."
I look forward to Battlefield 4: Plants vs. Zombies.