It was rumored earlier this morning that Chillingo, publishers of the massively popular games Angry Birds by Rovio and Cut The Rope by Zeptolab, would be acquired by a major company. It has been confirmed that a deal has been struck and Chillingo has been acquired by EA for $20 million in cash and possibly more.

While full details of the transaction haven't been released yet, there were probably some other bonuses involved as $20 million is far below Chillingo's estimated worth of $80 to $200 million.

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