Glu Mobile

REDWOOD CITY, Calif. Electronic Arts announced Monday it has reached a definitive agreement to acquire Glu Mobile Inc., a leading global developer and publisher of mobile games including Design Home, Covet Fashion, and MLB Tap Sports Baseball.

Under the terms of the agreement, EA will acquire Glu for $2.1 billion in enterprise value. Upon closing, the acquisition will be immediately accretive to Electronic Arts’ total net bookings, and is expected to grow underlying profitability beginning in its first year.