THE BUZZ: Electronic Arts shares have increased this morning due to rumors of a Japanese takeover.
A South Korean newspaper has reported that Japanese game company Nexon has made a bid for the publishing giant.
The company’s share prices have increased $1.22, or 8.1 percent this morning, and are now trading at $16.23.
EGM’s TAKE: Little is known about the bid at the moment. Nexon deals in free-to-play titles and basically has some of the biggest Japanese games of this genre under its wings, including Maple Story, Vindictus and Atlantica Online. Whether it has the cash to stump up for a takeover bid of EA is unknown. We imagine it would take an awful lot to pull this off, and it’s unknown what impact it would have on EA.
What do you think of the deal? Let us know in the comments below.