Skip to main content

Video game giant

Electronic Arts


said Tuesday it plans to cut costs by consolidating its dot-com operations.

TheStreet Recommends

The company plans to incur $55 million to $75 million in charges in the current quarter, including asset impairment charges and fees related to the restructuring.

The company said it is aiming to reduce inefficiencies by bringing the cash-draining unit back into the fold. Previously the two divisions reported separately and had two sets of books.

Electronic Arts shares closed the day up 32 cents, or 0.6%, at $52.42.