February 5th, 2009 by Arjan Olsder Posted in Companies & M&A | No Comments »
THQ isn't the only company that suffered bad financial result last quarter. EA has taken a loss of $ 641 million and will also slim down in order to make their company healthy again.
The loss is bigger then expected as the company made a profit of $ 33 million in the same quarter last year.
According to EA, the biggest loss was caused by a charge on EA Mobile of $368 million. The unit costed the company nearly $ 700 million when they acquired it back in 2005 (or was it 2004). Back then, the company was known as Jamdat.
In order to become healthy, EA will close down 12 locations (details unknown for now) and aim more on development for Nintendo's Wii.
