Electronic Arts announces mergerElectronic Arts recently announced the merger of two renowned mobile video game design studios. IronMonkey and Firemint recently combined forces to form Firemonkeys.

The two company have entertained more than 50 million players in 2012 with mobile games that include "Flight Control," "SPY mouse" and "Real Racing" from Firemint, and "Mass Effect Infiltrator," "Dead Space" and "The Sims FreePlay" from IronMonkey.

"Both of these studios have produced award-winning games and we believe combining the incredible talent pool in Melbourne, as well as leveraging the EA brand, sets us up for further success in the mobile arena," said Tony Lay, general manager of IronMonkey.

The two studios are based in Melbourne, Australia, and have developed mobile games for more than a decade. The deal makes Firemonkeys Australia's largest game development studio, and the merger points to the cost reduction benefits that can stem from a partnership. Lay will act as the general manager while Firemint's Rob Murray will be the executive producer. In an interview with MCV, they stressed the deal will allow for a more flexible human resources structure that will improve the company's competitiveness.

Last quarter, Electronic Arts missed its projected estimates by one cent, coming in at 5 cents per share for net income, but analysts are expecting profits to increase by 105.9 percent versus last year, according to Wall Street Cheat Sheet.
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