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RUMOR: EA Exploring Option of Selling to Private Equity Firms

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Posted on August 16, 2012 AT 07:56am

Electronic Arts is exploring the option of a sale to private equity firms, according to a new report.

Sources close to EA have told the New York Post that the publishing giant has been approached by a pair of companies, KKR and Providence Equity Partners. EA’s stock has fallen 37 percent over the course of this year with prices closing yesterday at $13.09 a share. Since word of a potential sale broke its price has risen to just under $14.

One source has “made it known they’d do a deal at $20 a share,” however stated that it’s still early days on any kind of deal. A spokesperson for EA has said that the company does not comment on rumor and speculation when asked about the potential sale.

Would selling be a good move for EA? Share your thoughts in the comments below.

Matthew Bennett, Associate Editor
Matthew Bennett finally got his big break with EGM three years ago, following years of volunteer work for various sites. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Follow him on Twitter @mattyjb89. Meet the rest of the crew.

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