Jamdat Sale Rumors Creep Again; Microsoft and EA Among Possible Suitors
"by Rafat Ali and Staci D. Kramer: Jamdat Mobile Inc., the LA-based mobile gaming company rumored to be for sale during the last few months, is the subject of renewed speculation, according to multiple sources. Jamdat reports its Q205 earnings tomorrow (conference call at 4:45 PM EST, here) The stock is moved up nearly $2 a share in regular trading today to $29.30, giving Jamdat a market cap of about $725 million. Add in the expected premium and you're talking about $900-$1 billion, possibly more. Keep in mind, Jamdat earned $2.7 million in the first quarter on revenues of $15.1 million. The crown jewels are Tetris, Bowling and Bejeweled, licensing deals with the NFL, NBA and the NHL; and a three-year, multi-country exclusive development/distribution deal with MLB for wireless simulation games."