After buying BioWare/Pandemic for a reported $860 million, EA shares hit a 52 week high today, jumping $2.48 and ending at $61.17 per share. The share jump was probably due to the fact that EA also announced that it would perform better than its Q2 revenue and earnings guidance. With the acquisition of BioWare/Pandemic, EA will have over 8,000 employees worldwide spread over 22 studios.
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One Response
Evander
October 13th, 2007 at 2:17 am
1Wow. So basically EA was worthless before they acquired the two other companies.
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