Yesterday EA announced buying social gaming company Playfish for $275 million upfront (our coverage is here). Now comes more details from an SEC filing by EA. Among those:
—$30 million of $275 million is in escrow, a normal occurrence.
— Kristian Segerstrale, Sebastien de Halleux and Sami Lababidi, all Playfish senior execs, will assume the roles of VP and GM, Playfish; VP, EA Interactive Business Development and Strategic Partnerships and VP; and CTO, Playfish respectively.
—Chinese key employees of Playfish are being paid slightly differently.
—Interestingly, the earnout amount seems to be pretty secure. EA will be placing the $100 million earnout in an escrow 30 days after deal closes, and any amount remaining in that escrow if and when Playfish execs get the earnout will be returned to EA. That seems to be unusual.
—Three years lockup of execs.