Friday, April 27th 2012
Japan's Nexon Attempting to Buy Out EA?
Electronic Arts (EA) had a good day at the markets, on Thursday morning, following a report in a South Korean daily which claimed that Japan's Nexon Corporation is in a bid to buy it out. This report was mirrored by Bloomberg video on Thursday morning as markets opened Stateside. EA shares are responding strongly to the rumor: the game maker's shares have spiked $1.22, or 8.1%, to $16.23. EA has a market-cap of about US $5 billion, while Nexon's is around the equivalent of US $8.3 billion. Headquartered in Japan, Nexon is a predominantly Korean company, which specializes in development and distribution of online games.
Source:
Forbes
53 Comments on Japan's Nexon Attempting to Buy Out EA?
Now Nexon, an online games developer/distributor is seeking to buy EA?
How poetic.
I don't care who buys out EA as long as Origin is shuttered or at least the EA execs get their heads out of their butts and start trying to sell games again instead of promoting their broken piece of garbage.
EA is massive, its funny because EA snap up developers and now someone is going to buy them up.
p.s. (@JP) for less mining oriented people as myself: word-of-the-day aint pay2win its pay2play afiaUnderstood ;) Really grieving news, to keep the story short :(
I though that EA was one of the biggest game publishers out there, and that was the reason for their less than stellar treatment of customers.