April 26th, 2012, 06:57 PM
Join Date: May 2007
| | EA for sale?
Maple Story maker offers to buy EA - Report - GameSpot.com
Maple Story maker offers to buy EA - Report
April 26, 2012 7:47AM PDT
By Eddie Makuch, News Editor
Korean free-to-play firm Nexon supposedly contacts Battlefield publisher with purchase offer; EA shares surge on the rumor.
Korean free-to-play game company Nexon (Maple Story, Combat Arms) has reportedly made an offer to purchase FIFA, Battlefield, and Mass Effect publisher Electronic Arts, according to a Bloomberg video report. Is EA for sale?
The Bloomberg report cites an unnamed South Korean newspaper with the news, and does not elaborate on the potential deal in any way. An EA representative told GameSpot, "Only comment here would be that we don't comment on rumors or speculation about our business."
EA's shares are responding positively to the rumor, as the company's single-share value opened today at $15.76, well ahead of the $15.01 closed at yesterday. As of press time, EA is trading at $15.81 per share.
Last week, a report indicated EA was planning to lay off as many as 1,000 staffers after underwhelming Star Wars: The Old Republic sales and an expensive Battlefield 3 post-launch marketing campaign. EA's fiscal year ended on March 31, and the company will report its full-year fiscal results on May 7.
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