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EA on WB Games Bid Rumor: ‘We are more interested in M&A than ever’

EA is one of the major game publishers reported to be Warner Bros. Games and Entertainment takes over, in addition to Microsoft, Activision Blizzard and Take-Two Interactive.

During yesterday’s Q1 2021 earnings call, an analyst asked EA CFO Blake Jorgensen to comment on the rumor. While for obvious reasons, Jorgensen didn’t go into details, he seemed optimistic about the company’s overall M&A prospects.

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[…] what I would say is that it is very rare that we don’t get a chance to look at something for sale. I mean, you can imagine people calling us and saying we’re thinking about selling a business or thinking about selling ourselves. I mean, we are a place where a lot of people want to come as a long-term home if they decide to sell the company. So we can see almost everything. I can’t comment on a specific acquisition, other than what I will tell you, as we said in the past you have seen where we have done the best is where we have long lasting relationships with people. And we are really trying to buy a lot of talent versus games. And I think Respawn is a classic example of how we could bring them into the fold, give them incredible support and it was all driven by the fact that they had incredible talent.

It wasn’t about Titanfall and that’s not an insult to Titanfall it’s a great game and we might see a Titanfall sometime at some point but it really was about the team and it starts at the top with Vince but it goes all the way through the entire organization. So we always look at that, we will always look at it. We hope we can find more. We hoped that some of the challenges in our broad global economy would make people think and understand that subscale is difficult, but at the same time, as you have seen from our results, I think everyone will do well in the next few quarters in our industry. It may take a while, but trust that we’re more interested than ever because we’re seeing talent, and building great new franchises is critical to the long-term growth for the company.

Transcript credits to Looking for Alpha

EA acquired Respawn Entertainment in November 2017 for up to $ 455 million. This acquisition would be much more expensive, with WB Games and Entertainment worth approximately $ 4 billion.

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