Electronic Arts Inc stated on Monday that it is buying Glu Mobile Inc. in a $2.4 billion deal aimed at extending an area of operations in which the videogame behemoth has had mixed success.The all-cash deal, which is expected to close in the June-ended quarter, will bring Glu’s mobile games as “Kim Kardashian: Hollywood,” “Diner Dash” and MLB Tap Sports Baseball” to EA. Glu shareholders will receive $12.50 a share, representing a 36% premium to Glu’s closing price Friday. Glu shares climbed 34% to $12.56 in extended trading Monday. Mr. Wilson added that Glu, which contains roughly 800 employees, will be able to build games based on EA’s intellectual property and take advantage of its marketing expertise and international presence to increase. Glu will be integrated into EA but continue to work independently on the games in its portfolio, with Chief Executive Nick Earl, who once served as the head of EA’s mobile division, remaining in charge. EA is the second biggest US videogame publisher by market capitalization after Activision Blizzard Inc. The videogame industry has benefited outstandingly over the past year from pandemic-powered demand for home-entertainment, which has caused a soar in investment and acquisition activity. Mobile games accounted for roughly half of almost $175 billion that consumers spent globally on videogame software last year, according to expectations from analytics firm Newzoo BV.