EA's got money FIFA Mobile Coins to spare.EA entered calendar 2021 having lots of cash to reinvest or acquire elite studios like Glu to expand its dominance in the gaming market.The company made $1.9 billion in free cash flow over the last four quarters. That's on top of the $6.7 billion in cash and short term investments on the balance sheet at the end of 2020.

The Codemasters deal is expected to close this month, while Glu Mobile should shut during the June-ending quarter. Even after both of these prices are complete, EA will nonetheless have a couple billion dollars' worth of money on the balance sheet together with almost $2 billion in free cash flow coming in every year.The addition of Glu Mobile will jump-start EA's growth in a cell market that climbed an estimated 25% last year, reaching $86 billion in worldwide revenue, based on Newzoo.In short, this acquisition is a significant update for Electronic Arts' cell game business, and that's why the stock surged to a new high on the information.

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