There are many FIFA Mobile Coins synergies between both of these game producers. Glu Mobile's team, led by former Electronic Arts veteran Nick Earl, has shown quite adept at creating, analyzing, and launching titles across various genres, including role-playing, sports, and lifestyle games. Harness Sports Baseball was a hit for the business, growing from approximately $4 million of bookings in 2014 to around $90 million in 2019. The teams in EA Sports and Glu Sports can obviously share thoughts to make even better at what they already do so well. It has new titles set to launch soon, including Harness Sports Fishing, Deer Hunter World, and also an upgraded version of Tap Sports Baseball for the 2021 season. EA intends to deliver Tap Baseball to fresh countries with its licensing expertise from EA Sports.There is also Table & fresh, a new lifestyle match, along with a selection of hyper-casual games launching from Glu's Crowdstar studio.
What is more, Glu Mobile can bring fresh ideas to EA about how to monetize certain names. The company reported seeing favorable early results from this initiative about the very last earnings call.
Growing at a fair price.It's worth checking the cost a company is paying when it announces a major acquisition. As Warren Buffett has said,"Price is what you pay, value is what you receive." Around three hot valuation metrics, Glu Mobile seems like a good value in the movie game industry.EA is spending $12.50 a share in cash to Glu Mobile shareholders, which places the latter's most price-to-free cash flow multiple at 47.
On a forward price-to-earnings basis, Glu trades at a multiple of 25, that resembles a relatively great deal in comparison to its bigger peer Zynga, which deals at a greater forwards P/E of 28. Glu is also a much better deal on a price-to-sales basis using a multiple just under four, whereas Zynga trades at nearer to six Cheap FIFA Coins times sales, up there with the industry's leading gaming stocks.