GAMING NEWSIs Electronic Arts Looking For A Buyer?Posted on Thursday, August 16 @ 18:57:04 Eastern by Daniel Bischoff
![]() Electronic Arts, one of the biggest publishers in the video game industry, may be looking to sell to an outside buyer. The company behind SimCity and The Sims, Madden, and everything from DICE, the only studio in competition with Call of Duty, is apparently eager to sell for as much as $20 a share. Speaking with an unnamed source close to the company, The New York Post reports that EA could sell to two private-equity giants: KKR and Providence Equity Partners. The source says the potential sale is still in its early stages, while Michael Pachter states that EA is wrestling with "the handheld casual market, [which] has evaporated because of tablets. The problem is they're in the fifth year of a three-year turnaround." The company has responded with your typical "no comment," but is this really something that could happen? EA's stock is around $13. We'll report more as its revealed. More from the Game Revolution Network Comments
Post a Comment
LOGIN or REGISTER to post a comment or rate this article.
|
|
| More On GameRevolution | |
omega711
Joined: Aug 2012
danielrbischoff
Joined: Nov 2009
Sourdeez
Joined: Feb 2012
213EDD
Joined: Sep 2007
LinksOcarina
Joined: Nov 2005
Ranim
Joined: Nov 2005
G_MAN_NOVEMBER
Joined: Jan 2007
There are worse companies to wish death on, like certain companies that use child labor and polluting chemicals that cause cancer. But obviously those are trivial compared to what EA has done.
Sure they "killed off" Command and conquer's Kane arc, but at least they tried to keep it afloat.
moretokes
Joined: Apr 2011
moretokes
Joined: Apr 2011
LinksOcarina
Joined: Nov 2005
As for the hate...people tend to look at their past CEO's mistakes/actions and blame EA all time for it. Closing down westwood as an example, yeah they did that after they stopped turning a profit. Of course, what people fail to realize is that a majority of the Westwood Staff walked out before the sale to EA took place, essentially abandoning a half-baked product called Tiberian Sun into their laps to finish on a tight schedule. So in the Westwood situation they never fully recovered because they lost their leadership and almost their entire dev team.
It is issues like that people take offensive, but there are two sides to the story that everyone neglects.
Sebastian_Moss
Joined: Apr 2011
pennpsu
Joined: Sep 2010
cheesegod99
Joined: Jun 2007
Sorry, couldn't resist.