July 12, 2005
EA: buying into the mobile arena?
In yet another aquisition, rumors circulated yesterday about a potential EA purchase of the Mobile Media Giant JAMDAT Mobile, causing an over 9% rise of the JMDT stock price to $33.17 on Monday.
After working at both I have to say the dry lack-luster cubicle cultures found at both will be a good match; it's strange what people will pay for a few old-skool brands and a suprisinngly uncreative infrasturcture.
I imagine the purchase revolves around JAMDAT properties like DOOM, Tetris, and Lemonade Tycoon.
I hope this pushes JAMDAT to create some good content. After playing thier mobile titles for hours (forceably;))I can honestly say they are very poor; crap content driven by basic game mechanics.
Maybe this would push them to create some cutting edge games, as EA currently hopes it is.
Buy, buy, buy.... or so said the market; pick up some JMDT stock soon an maybe you too could make a few bucks!
Yahoo finacial Summary
As you can see this afternoon the market cooled off dropping the price by 0.51USD; so maybe these are just rumors?
A spokesperson from Jamdat was not immediately available to comment, and a spokeswoman from Electronic Arts declined to comment on what she called "rumors."
Posted by edinehart at July 12, 2005 10:10 AM | TrackBackComments
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