On a forwards price-to-earnings basis, Glu trades in a multiple of 25, which looks like a relatively great deal in comparison to FIFA Mobile Coins its larger peer Zynga, which deals in a higher forwards P/E of $28. Glu can be a better deal on a price-to-sales basis with a multiple just under four, while Zynga transactions at closer to six times earnings up with all the industry's leading gaming stocks.

EA's got cash to spare.EA entered calendar 2021 with tons of money to reinvest or acquire top-notch studios like Glu to expand its dominance in the gaming market.The company made $1.9 billion in free cash flow over the previous four quarters. That is in addition to the $6.7 billion in cash and short-term investments in the balance sheet at the end of 2020.

The Codemasters deal is expected to close this month, while Glu Mobile should shut throughout the June-ending quarter. Even after both of these deals are whole, EA will nonetheless have a few billion bucks' worth of cash on the balance sheet with almost $2 billion in free cash flow coming from every year.The addition of Glu Mobile will jumpstart EA's increase in a mobile market that climbed an estimated 25 percent this past year, reaching $86 billion in worldwide revenue, according to Newzoo.In short, this purchase is a major update for Digital Arts' cell game industry, which is why the stock surged to a new high on the news.

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FIFA 21's Carniball card design is the most vibrant yet.EA set to attract us meta Carniball special cards FUTEA has confirmed the Carniball voucher is heading into FIFA Mobile, so could it mean that the event is on its way to consoles in FIFA 21 Ultimate Team?What is Carniball?The Carniball promo celebrates eight festivals from eight different states and is among the most hotly anticipated events around FIFA.The FIFA 19 Carniball card layout is among the most vibrant we've ever observed in FIFA, and buy FUT Coins we expect nothing less from the year's event!