Software makers will merge

Electronic Arts announced it will acquire Broderbund Software Inc., maker of the popular computer game “Where in the World Is Carmen Sandiego?” in a stock swap valued at $ 400 million.

The merger, announced Wednesday, would create the world’s largest education and entertainment software maker. Broderbund will become a subsidiary of Electronic Arts.

The companies estimated their combined sales at $ 500 million.

The merger is expected to be completed in May and is pending stockholder approval.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety