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Business Combinations | 3 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Business Combination Disclosure [Text Block] | (6) BUSINESS COMBINATIONS Pending Acquisition of Codemasters On December 14, 2020, we issued an announcement pursuant to Rule 2.7 of the United Kingdom City Code on Takeovers and Mergers disclosing the terms of an all-cash offer to acquire all of the issued and to be issued ordinary shares of Codemasters Group Holdings plc, a public limited company registered in England and Wales (“Codemasters”). Under the terms of the offer, Codemasters’ shareholders will receive 604 pence in cash for each ordinary share of Codemasters (implying an equity value of approximately £945 million, or $1.3 billion using the latest practicable exchange rate). On February 3, 2021, the requisite majority of Codemasters’ shareholders voted to approve the Codemasters acquisition. The transaction remains subject to, among other things, satisfaction or waiver of customary closing conditions. The acquisition is anticipated to close in February 2021. We intend to fund this acquisition with existing cash on hand. Pending Acquisition of Glu Mobile On February 8, 2021, we announced that we entered into a definitive merger agreement to acquire Glu Mobile Inc., a leading global developer and publisher of mobile games (“Glu”), (the “Glu acquisition”). Under the terms of the merger agreement, Glu shareholders will receive $12.50 in cash for each outstanding share of Glu common stock, representing an equity value of approximately $2.4 billion, and a total enterprise value of approximately $2.1 billion including Glu’s net cash of $364 million. The merger agreement also provides that we will assume all outstanding unvested equity awards held by Glu employees. The consummation of the Glu acquisition is subject to certain customary closing conditions, including antitrust clearances. The Glu acquisition is expected to close in the first quarter of fiscal 2022. We intend to fund this acquisition with existing cash on hand and any financing we may do from time to time.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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