Mobile phone game maker Jamdat Mobile will be acquired by game giant Electronic Arts for $680 million. That is a 19% premium over the last closing price for shares of Jamdat. Some of Jamdat's more popular titles include: Tetris, Bejeweled, and Jamdat Bowling and Need for Speed. EA plans to bring some of its flagship titles to phone, such as its Madden football game.
The deal is still pending approval but is expected to be completed during the first quarter of next year.