EA Exploring Options for a Buyer - News
by William D'Angelo , posted on 16 August 2012 / 6,341 Views
Video game publisher Electronic Arts has been quietly looking for a buyer, reports the New York Post. While discussions may still be in its infancy, according to sources EA has already been approached by the private equity firms KKR and Providence Equity Partners about a possible transaction.
EA responded with its usual it "doesn’t comment on rumor and speculation." KKR declined comments, while Providence Equity Partners did not return the Posts calls.
One source familiar with EA has said "They’ve made it known they’d do a deal at $20 a share." EA's current market cap has dropped 37 percent this year to $4 billion.
Michael Pachter, the Wedbush Securities analyst, said that "the handheld casual console market has evaporated because of tablets." Despite that he does expect EA's stock to rebound over the next 12 months, to more than double. "The problem is they’re in the fifth year of a three-year turnaround," Pachter added.
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Microsoft should buy them... It's easier for a console maker to profit as a publisher, as it eliminates console publishing fees. Also, they could pick a few juicy new exclusives to ensure victory in the next generation.
I wouldn't touch profit-challenged EA. Unless it was to break it up and sell the pieces.
hey EA, I hate you
freaking die
If 'ya can't beat 'em, EAt 'em.
I hope this doesn't affect my precious BioWare... much.
Valve is best option IMO.
Valve isn't a public traded company lmao.
You don't have to be a publicly traded company to buy one.
