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Games - Monday, November 9, 2009

EA Pays $300M+ For Social Gaming's PlayFish

It has been an interesting weekend for Index Ventures. They were dealt a losing hand in a law-suit with the founders of Skype. On the bright side, today one of their investments came to fruition as EA has acquired Playfish for approximately $275M in cash and approximately $25M in equity retention arrangements. In addition, the sellers are entitled to additional variable cash consideration, up to a maximum of $100M.

The numbers that got London-based Playfish to this point are led by:

+ More than 150M games installed and played worldwide on platforms such as Facebook, MySpace, Bebo, iPhone and Android.

+ Over 60 million monthly active players across its ten titles – including Pet Society, Restaurant City, and Country Story

+ More than 1B game play sessions every month.

In addition to Accel, Playfish is backed by Accel Partners, Index Ventures and Stanhope Capital.

Playfish is led by CEO and founder Kristian Segerstrale. He was Managing Director (EMEA) at Glu Mobile
and Founder at Macrospace which was bought by Glu Mobile.

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