The Codemasters deal is expected to close this month

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EA's got money to spare.FIFA Mobile Coins entered calendar 2021 having plenty of money to reinvest or acquire elite studios like Glu to extend its dominance in the gaming market.The company generated $1.9 billion in free cash flow during the last four quarters.

The Codemasters deal is expected to close this month, even while Glu Mobile should close throughout the June-ending quarter. Even after both of these prices are finish, EA will still have a couple billion dollars' worth of money on the balance sheet with nearly $2 billion in free cash flow coming from every year.The addition of Glu Mobile will jumpstart EA's increase in a mobile market that grew an estimated 25 percent this past year, reaching $86 billion in worldwide revenue, according to Newzoo.In short, this acquisition is a major update for Electronic Arts' cell game business, and that's the reason why the inventory jumped to a fresh high on the information.

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