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EA Shares Increase Due to Japanese Takeover Rumors

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Posted on April 26, 2012 AT 08:15am

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.

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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