EA bought Hands-On Korea for $29 Million
By Ohad Barzilay
26 May 2008
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As revealed from EA’s annual report, the company paid $29 million in cash for the Korean branch of Hands-On.
MocoNews quotes from the filing: “In April 2008, we entered into definitive agreements to acquire certain assets from Hands-On Mobile Inc. and its affiliates relating to its Korean mobile games business based in Seoul, Korea. The purchase price to be paid for the assets at closing will be approximately $29 million in cash. The acquisition is subject to customary closing
conditions and is expected to close during our first quarter of fiscal 2009.”
conditions and is expected to close during our first quarter of fiscal 2009.”
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