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Jamdat Mobile Inc

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BUSINESS
April 21, 2005 | From Bloomberg News
Jamdat Mobile Inc., which makes games, ring tones and images for mobile phones, said it bought Blue Lava Wireless and the rights to the game Tetris on cellphones for about $137 million. Jamdat will pay about $60 million in cash, 4.05 million shares and a deferred payment of $13.7 million in cash or stock, the Los Angeles company said.
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BUSINESS
December 9, 2005 | Julie Tamaki, Times Staff Writer
Hoping mobile games will ring up sales, Electronic Arts Inc. said Thursday that it would pay $680 million for one of the world's largest makers of cellphone video games. EA plans to buy Los Angeles-based Jamdat Mobile Inc. for $27 a share -- a 19% premium over Jamdat's closing price of $22.77 Thursday, but 21% below the company's July peak of $34.19. EA shares fell 84 cents to $55.75, and to $54.10 in after-hours trading following announcement of the all-cash deal.
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BUSINESS
September 29, 2004 | From Reuters and Times Staff Reports
Jamdat Mobile Inc.'s initial public stock offering got a strong reception Tuesday, as the Los Angeles-based developer of video games for cellphones sold 5.55 million shares at $16 each. The company had expected to sell 5.3 million shares at $13 to $15 a share. Mobile phone gaming is one of the fastest-growing segments of the video game industry; wireless carriers are embracing games such as blackjack and baseball as a revenue source.
BUSINESS
November 9, 2005 | From Associated Press
Jamdat Mobile Inc., a publisher of video games for mobile phones, reported a sharply higher third-quarter profit Tuesday as sales more than doubled from a year earlier. The news sent the Los Angeles company's shares up 8% to $19.10 after hours. The stock had fallen 76 cents to $17.70 in regular trading. Jamdat said net income rose to $1.4 million, or 6 cents a share, from $8,000, or less than a penny, in the year-earlier period. Sales rose to $20.2 million from $9.5 million.
BUSINESS
August 12, 2005 | From a Times Staff Writer
Jamdat Mobile Inc. said Thursday that second-quarter profit rose more than fivefold, but the results -- and an accompanying forecast -- didn't meet analysts' expectations and its shares were creamed in after-hours trading. The Los Angeles maker of video games for cellphones said net income for the period ended June 30 rose to $2.6 million, or 11 cents a share, from $423,000, or 9 cents, a year earlier.
BUSINESS
November 9, 2005 | From Associated Press
Jamdat Mobile Inc., a publisher of video games for mobile phones, reported a sharply higher third-quarter profit Tuesday as sales more than doubled from a year earlier. The news sent the Los Angeles company's shares up 8% to $19.10 after hours. The stock had fallen 76 cents to $17.70 in regular trading. Jamdat said net income rose to $1.4 million, or 6 cents a share, from $8,000, or less than a penny, in the year-earlier period. Sales rose to $20.2 million from $9.5 million.
BUSINESS
December 9, 2005 | Julie Tamaki, Times Staff Writer
Hoping mobile games will ring up sales, Electronic Arts Inc. said Thursday that it would pay $680 million for one of the world's largest makers of cellphone video games. EA plans to buy Los Angeles-based Jamdat Mobile Inc. for $27 a share -- a 19% premium over Jamdat's closing price of $22.77 Thursday, but 21% below the company's July peak of $34.19. EA shares fell 84 cents to $55.75, and to $54.10 in after-hours trading following announcement of the all-cash deal.
BUSINESS
February 2, 2006 | Julie Tamaki, Times Staff Writer
Electronic Arts Inc., the world's largest independent video game publisher, said Wednesday that it was laying off 5% of its workforce, or nearly 350 employees, amid slumping sales. The Redwood City, Calif.-based company, which employs nearly 7,000 people, is scheduled to release its fiscal third-quarter results today.
BUSINESS
January 23, 2012 | By Roger Vincent, Los Angeles Times
A Pennsylvania developer has spent $85 million on a Beverly Hills apartment complex it plans to turn into a luxurious extended-stay hotel. Korman Communities bought the Crescent Beverly Hills apartments from C-III Capital Asset Management. The upscale apartments at 155 N. Crescent Drive were completed in 2006. When the property reopens this summer, it will be called AKA Beverly Hills. Rent for the AKA's 88 suites will start at about $400 a night and guests must agree to stay a minimum of 30 days, Korman said.
BUSINESS
October 25, 2004 | Josh Friedman, Times Staff Writer
Emerging companies in Southern California got a funding lift from venture capitalists in the third quarter despite a nationwide downswing for the investment sector, according to a report being released today. Thirty-seven companies in the region raised $502.2 million, compared with $407.5 million in the second quarter, the survey by data trackers VentureOne and Ernst & Young shows. In the third quarter of 2003, regional companies raised $482.1 million.
BUSINESS
August 12, 2005 | From a Times Staff Writer
Jamdat Mobile Inc. said Thursday that second-quarter profit rose more than fivefold, but the results -- and an accompanying forecast -- didn't meet analysts' expectations and its shares were creamed in after-hours trading. The Los Angeles maker of video games for cellphones said net income for the period ended June 30 rose to $2.6 million, or 11 cents a share, from $423,000, or 9 cents, a year earlier.
BUSINESS
April 21, 2005 | From Bloomberg News
Jamdat Mobile Inc., which makes games, ring tones and images for mobile phones, said it bought Blue Lava Wireless and the rights to the game Tetris on cellphones for about $137 million. Jamdat will pay about $60 million in cash, 4.05 million shares and a deferred payment of $13.7 million in cash or stock, the Los Angeles company said.
BUSINESS
September 29, 2004 | From Reuters and Times Staff Reports
Jamdat Mobile Inc.'s initial public stock offering got a strong reception Tuesday, as the Los Angeles-based developer of video games for cellphones sold 5.55 million shares at $16 each. The company had expected to sell 5.3 million shares at $13 to $15 a share. Mobile phone gaming is one of the fastest-growing segments of the video game industry; wireless carriers are embracing games such as blackjack and baseball as a revenue source.
BUSINESS
March 4, 2005 | Chris Gaither, Times Staff Writer
If Yahoo Inc. has its way, that beeping in your pocket could be a phone call. Or an invitation to play backgammon. The Internet titan plans to announce today that it has acquired Stadeon Inc., whose technology lets users of Web-connected cellphones play games against opponents on other cellphones or seated at computers. The service is expected to be available through all major mobile networks this year. It is Yahoo's latest bid to extend its reach beyond the personal computer.
BUSINESS
May 30, 2005 | Alex Pham, Times Staff Writer
One of the hottest-selling video games today doesn't feature photorealistic graphics, multiple plotlines or a Hollywood cast of characters. It's "Tetris," an old-fashioned puzzle game that has sold more than 2 million copies via downloads on cellphones. Mobile games like "Tetris" are poised for rapid growth after years of being a novelty business. "The industry is still very small but it's growing exponentially," said Mitch Lasky, chief executive of Jamdat Mobile Inc.
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