EA Buys PopCap Games in Deal Worth Up to $1.3 Billion

EA confirmed today that it bought casual games developer PopCap Games for $750 million, plus an earnout that could bring it up to $1.3 billion.

The deal will increase the company’s earnings in the first quarter of fiscal year 2012 to a range of $500 million to $525 million versus the original range of $460 million to $500 million revenue (according to non-generally accepted accounting practices), according to the company’s statement. For the full fiscal year year, EA says it will earn $3.8