M&A Deal Summary

Electronic Arts Acquires Kesmai

On November 22, 1999, Electronic Arts acquired digital media company Kesmai from News Corp

Acquisition Highlights
  • This is Electronic Arts’ 8th transaction in the Digital Media sector.
  • This is Electronic Arts’ 6th transaction in the United States.
  • This is Electronic Arts’ 1st transaction in Virginia.

M&A Deal Summary
Date 1999-11-22
Target Kesmai
Sector Digital Media
Buyer(s) Electronic Arts
Sellers(s) News Corp
Deal Type Divestiture

Target

Kesmai

Charlottesville, Virginia, United States
Kesmai Corp. is a developer and publisher of multiplayer online entertainment. Kesmai specializes in the design and development of multiplayer games delivered directly to consumers over the Internet and is a major provider of game content to the Games Channel on the America Online service.

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Buyer(S) 1

Buyer

Electronic Arts

Redwood City, California, United States
Category Company
Founded 1982
Sector Digital Media
Employees13,400
Revenue 7.4B USD (2023)
DESCRIPTION
Electronic Arts' corporate headquarters in Redwood City, California.
Electronic Arts' corporate headquarters in Redwood City, California.

Electronic Arts is a producer of video games. Electronic Arts develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. Electronic Arts was founded in 1982 and is based in Redwood City, California.

DEAL STATS #
Overall 13 of 46
Sector (Digital Media) 8 of 34
Type (Divestiture) 2 of 4
State (Virginia) 1 of 2
Country (United States) 6 of 23
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-08 Westwood Studios

Las Vegas, Nevada, United States

Westwood Studios, Inc. is a video game developer and publisher company.

Buy $123M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-28 Pogo.com

San Francisco, California, United States

Pogo.com is a provider of online gaming website. Pogo.com was founded in 1995 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

News Corp

New York, New York, United States
Category Company
Founded 2012
Sector Diversified
Employees25,000
Revenue 9.9B USD (2023)
DESCRIPTION

News Corp is a diversified international media and entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin. News Corp was formed in 2012 and is based in New York City.

DEAL STATS #
Overall 2 of 10
Sector (Digital Media) 1 of 4
Type (Divestiture) 1 of 6
State (Virginia) 1 of 1
Country (United States) 1 of 8
Year (1999) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 NDS Group

Staines, United Kingdom

NDS Group Ltd. is a provider of video software and content security solutions that enable service providers and media companies to securely deliver and monetize new video entertainment experiences.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-19 Myspace

Los Angeles, California, United States

Myspace is a social networking service with a focus on music. Myspace was formed in 2003 and is based in Beverly Hills, California.

Buy $580M
Mergr

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