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.
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