Sign up now for FREE unlimited access to Reuters.com Register Sign up now for FREE unlimited access to Reuters.com Register Its bids include a $1.7 billion bid for Roomba maker iRobot Corp ( IRBT.O ) and $3.5 billion for primary care company One Medical ( ONEM.O ). The company, which owns video game live-streaming platform Twitch, also bought MGM Studios, maker of the “Rocky” and “James Bond” films, for $8 billion. EA had a market value of $35.5 billion as of last close, having lost just 3% of its value so far this year, far better than some of its peers. Meanwhile, the video game space is also consolidating, with new deals blurring the lines between PC and mobile game companies. Microsoft ( MSFT.O ) is acquiring EA rival and “Call of Duty” maker Activision Blizzard Inc ( ATVI.O ) for $68.7 billion. The deals come amid a struggling global gaming industry as demand growth seen at the height of the pandemic wanes. Earlier this month, EA forecast quarterly adjusted sales below estimates, with CFO Chris Suh saying the company was not “completely immune” to the downturn. read more Sign up now for FREE unlimited access to Reuters.com Register Reporting by Tiyashi Datta and Nivedita Balu in Bengaluru. Edited by Sriraj Kalluvila Our Standards: The Thomson Reuters Trust Principles.
