EA: PopCap unlikely to receive more than a fifth of its earnout
As part of its annual E3 review, Wedbush has released several key statements from its Electronic Arts Investor Meeting, held on June 12th.
Of particular note is a disclosure from EA that key shareholders of PopCap, which it acquired in 2011, were "unlikely to earn more than $100 million of the earnout of up to $550 million."
PopCap laid off 50 staff
in August of 2012 and nearly 100 more
with the closing of its Dublin studio in September 2012. At this week's E3, PopCap showcased three new titles coming to various platforms: Plants vs Zombies: Garden Warfare
, the previously announced Plants vs Zombies 2
, and Peggle 2