Electronic Arts buys Playfish for $275 million

EA just spent $275 million (and up to $400 million in equity retention and variable cash considerations) to acquire Playfish, the social game company behind Pet Society and Restaurant City, popular games on social networks such as facebook and myspace.

For a comparison, Microsoft paid $375 mil for Rare, a record at that time.

Electronic Arts also bought Maxis (The Sims) for $125 mil and Westwood Studios (Command and Conquer)  for $122.5 mil, and Intermix Media, parent company of myspace.com was accquired for $580 mil in cash by Fox’s News Corp.

Read the full article here.

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