The rumor turned out to be true: According to TechCrunch, EA has bought Seattle gaming company PopCap.

As we initially reported a few weeks ago, EA has acquired PopCap Games. The acquisition price is $650 million plus $100 million stock and a multi-year earn-out. The total acquisition price is as much as $1.3 billion.

If you know anyone who works at PopCap, they're buying drinks tonight.