Huge news in the gaming world: PopCap Games, the company behind such hits as Plants vs Zombies and Bejeweled, is in the process of being acquired — and we’re hearing from multiple sources that the price is over $1 billion. Popcap’s revenues are in the range of $100-150 million, we hear — and a price of over $1 billion would put the deal at a possible 10x multiple.
This is not EA's first purchase of a hot gaming startup, they acquired Playfish in 2009 for up to $400 million after earnouts. PopCap was previously rumored to be exploring a possible IPO later this year. The company raised $22.5 million in October 2009.
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