Electronic Arts Jams With Jamdat
NEW YORK - Big news after the markets closed on Dec. 8: Electronic Arts announced it will pay $680 million in cash (or $27 per share) to acquire Jamdat Mobile. In reaction to the news, the stock was up about 18% the next day, trading close to $27 per share. At this level, Jamdat is up 78% from its 52-week low.