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TechCrunch reports this afternoon that Seattle’s PopCap Games, maker of hit casual games including Plants vs. Zombies and Bejeweled, is “in the process of being acquired” at a value of more than $1 billion.

If true, it would be major news for the Seattle video-game community, and for the region’s technology industry more broadly. The report, which cites multiple unnamed sources, says the identity of the prospective buyer isn’t yet known.

We’re checking into it now. More to come.

UPDATE: There’s been plenty of speculation on the potential buyer of PopCap, but TechCrunch now reports — citing two unnamed sources — that the acquirer is Electronic Arts. TechCrunch’s Jason Kincaid notes that it would be a “Hail Mary pass from EA to break into mobile and social gaming.”

We’ve reached out to PopCap for comment, and we’ll update as we hear more.

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