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On the future of some gamers
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Posted on 05/22/13
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GAMING NEWS

Is Electronic Arts Looking For A Buyer?

Posted on Thursday, August 16 @ 18:57:04 Eastern by

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.


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Comments
  • omega711
    omega711

    Joined: Aug 2012
    Posted: Aug 16th, 2012 at 8:43 pm
    all i can say, is i hope they don't buy and tear it apart. on another note, this could mean, good things to come.
  • Comment hidden due to low quality. Show Comment.
  • danielrbischoff
    danielrbischoff

    Joined: Nov 2009
    Posted: Aug 16th, 2012 at 10:43 pm
    There have been some horrific closures by their hands. I understand why people are thumbing you down, but there was a ton of talent quashed with downsizing. Luckily many of them have picked up and moved on to new projects with different publishers.
  • Sourdeez
    Sourdeez

    Joined: Feb 2012
    Posted: Aug 16th, 2012 at 11:04 pm
    Maybe time to write a article about how kick starter is revolutionizing game development?
  • 213EDD
    213EDD

    Joined: Sep 2007
    Posted: Aug 17th, 2012 at 12:08 am
    NO NO NO NO NO NO NO. When shadowrun becomes a big hit, then we will see.
  • LinksOcarina
    LinksOcarina

    Joined: Nov 2005
    Posted: Aug 17th, 2012 at 7:16 am
    Except that it's not revolutionizing anything...
  • Ranim
    Ranim

    Joined: Nov 2005
    Posted: Aug 17th, 2012 at 4:21 pm
    They don't just downsize, they impose their corporate culture on their acquisitions and then they always suffer from irregular attrition in the upper ranks immediately afterwards and since they love to hire newbies, they never ever pick up the slack. That's EAs only true strength, they'll give newbies a foot in the door like any shitty first job. By this I mean interns which is basically slave labor. Their critical fault is that they scale down the development cycles as they move, and with that the budget. This crap about EA turning a new leaf? They didn't do anything at all to the architecture, what they did however was stitch on a patronage system (EA Partners Program) to uplift studios. They're still the same fecal lords they always were, only they're using co-ops as a means to influence external studios like the COD defectors.
  • G_MAN_NOVEMBER
    G_MAN_NOVEMBER

    Joined: Jan 2007
    Posted: Aug 17th, 2012 at 3:00 am
    I don't get the hate for EA, sure they make yearly cash in on sports games and The Sims, but that's their business. Hating them is like hating you grocery store for not being "innovative" and always carrying the same thing, or that its price hikes are cause by greed (well duh, it's suppose to make money). Aside from sports games and Sims EA actually publishes some damn fun games: BF3, Dead space series, mirror's edge, Mass effect series

    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
    moretokes

    Joined: Apr 2011
    Posted: Aug 17th, 2012 at 6:13 am
    Last generation everyone hated ea because they were buying out all the small companies but this past generation I'd say they redeemed themselves.
  • moretokes
    moretokes

    Joined: Apr 2011
    Posted: Aug 17th, 2012 at 6:13 am
    They produce quality games now
  • LinksOcarina
    LinksOcarina

    Joined: Nov 2005
    Posted: Aug 17th, 2012 at 7:21 am
    The funny thing is, no one would have the capital to buy EA. If the Activision/Blizzard sale looked like anything, then it is impossible for a corporation of this size to be purchased, unless if it was sold off in pieces via bankruptcy, which is not going to happen, since EA actually made revenue last fiscal year.

    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
    Sebastian_Moss

    Joined: Apr 2011
    Posted: Aug 17th, 2012 at 9:35 am
    Providence Equity Partners own Bethesda
  • pennpsu
    pennpsu

    Joined: Sep 2010
    Posted: Aug 17th, 2012 at 8:01 pm
    That's interesting....
  • cheesegod99
    cheesegod99

    Joined: Jun 2007
    Posted: Aug 17th, 2012 at 6:24 pm
    Money, so they say, is the root of all evil today. But if you ask for a raise it's no surprise that they're giving none away...

    Sorry, couldn't resist.

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