Electronic Arts: Racist FIFA player banned for life

Electronic Arts

An 18-year-old young man from Ireland recently faced a trial over his racist hate speech. The player lost an Ultimate Team power in FIFA with the virtual version of Ian Wright. The English football player was committed to Arsenal and Celtic Glasgow, among others, and also played for the British national team in the 1990s.

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After losing the virtual soccer game, the FIFA player went to Instagram to send 20 racist, abusive and hateful messages to ex-soccer star Ian Wright.

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Acquittal in court

This act brought the young Irish man to court. There he was acquitted for showing remorse. Ian Wright, meanwhile, commented on the matter on Twitter, including the acquittal of the racist player. You can read his tweet below:

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" If I pass this judgment See, I can't help but wonder what is going to keep others from doing such racist and abusive acts, "said Ian Wright's tweet.

He also writes: "Someone wished me dead, solely because of the color of my skin. No court ruling in the sense of" naivety "or" lack of maturity "will be acceptable to us alleged lack of maturity of our tormentors will never help us. Yes, I am disappointed. I am exhausted. We are all exhausted. "

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EA bans players for life

While the court ruling has no consequences for the racist act of the FIFA player, the publisher Electronic Arts banned the man from all his games for life, including FIFA. The company also made a statement emphasizing mutual support with Ian Wright. The behavior of the player is absolutely unacceptable and in no way tolerable.

Source: Der Standard

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Electronic Arts Stock Shoots up by 1% Amid $2.4 Billion Acquisition of Glu Mobile

March 5, 2021 (Investorideas.com Newswire) eSports giant Electronic Arts had a successful 2020 thanks to soaring demand for gaming. Its stock rose from $110 prior to the pandemic to over $140 by the end of the year.

As of March 4, 2021, it was trading at $130.50, up by 21.94% over the trailing year. According to Electronic Arts' estimates, the global sports video games market is worth $11 billion. From this total, $7 billion comes from PC and console while mobile contributes $4.3 billion.

Electronic Arts Projects $5.6 Billion Net Revenue for Fiscal 2021

According to the research data analyzed and published by Sijoitusrahastot, on February 8, 2021, its share price rose by 1% following an announcement on its acquisition of Glu Mobile.

Valued at $2.4 billion, the deal translated to $12.50 per share for Glu's shareholders. That was a 36% premium on its closing price of $9.19 when the deal was announced. In December 2020, Electronic Arts Sports acquired Codemasters for $1.2 billion, outbidding Take-Two Interactive. Through the two deals, the company hopes to expand its mobile reach as well as that of its racing segment. It had 231 million players and viewers in 2020. In 2021, it plans to expand the number to 500 million.

In Q3 FY21, Electronic Arts posted a 5% increase in net revenue, rising from $1.59 billion in Q3 FY20 to $1.67 billion. Net bookings during the period soared by 18.8% from $2 billion to $2.4 billion. Though console was the main contributor, generating $1.8 billion, it only posted a 17% YoY growth. Comparatively, the PC & Others segment grew by 40% to $399 million.

For the 2020 calendar year, net bookings rose by 8% to $5.96 billion. In fiscal 2021 which ends on March 31, 2021, the company projects that net bookings will total $6.1 billion. Net revenue for the period is forecast to be around $5.6 billion and net income at $742 million.

The full story, statistics and information can be found here: https://sijoitusrahastot.org/electronic-arts-stock-shoots-up-by-1-amid-2-4-billion-acquisition-of-glu-mobile/

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