Electronic Arts Inc.’s PopCap Games, which makes titles played on Facebook Inc.’s website, fired about 10 percent of its staff as it moves to address a consumer shift toward mobile and free-to-play games.
Electronic Arts Inc., trading near lows not seen since March 1999, climbed as much as 7.8 percent after reporting a smaller quarterly loss than analysts expected and saying it would buy back as much as $500 million in stock.
Zynga Inc. merger chief Barry Cottle plans to step up the pace of acquisitions, spending hundreds of millions of dollars in search of a new social-gaming blockbuster on par with hits “FarmVille” and “CityVille.”
Electronic Arts Inc., the second- largest U.S. video-game publisher, tumbled after its forecasts for the current quarter and fiscal year fell short of analysts’ estimates. The company plans to cut jobs.