Report: EA "quietly exploring" sale to private equity firms

by Nathan Misa Featured 2 Comments 24 Votes 1234 Views 18/08/2012 Back to News

Recent rumours have suggested that EA is "quietly exploring a sale" to private equity firms.

The New York Post reports that EA has been approached by KKR and Providence Equity Partners over the possibility of a purchase, but talks are still in early stages.

Interestingly, Providence owns Bethesda, the leading independent gaming company best known for their highly successful Elder Scrolls series and Fallout 3.

According to another source reportedly familiar with the company, "They've [EA] made it known they'd do a deal at $20 a share."

However, all parties reported to be involved have declined to officially comment. Electronic Arts said it doesn’t comment "on rumor and speculation", Henry Kravis’s KKR declined and Jonathan Nelson’s Providence did not return calls.

EA isn't the only software gaming giant to have rumours and reports of a potential sale. Earlier last month, rumours persisted of Microsoft and Time Warner among interested buyers of Activision Blizzard, which parent company Vivendi was trying to sell. However, Vivendi struggled to sell Blizzard, which ended with no reported sale result.

Source: The New York Post

By Nathan Misa

Link to us http://wii.mmgn.com/News/report-ea-quietly-exploring-sale-to-priv
Vote for this article Log in with Facebook

Report: EA "quietly exploring" sale to private equity firms Comments

Leave a comment Log in with Facebook
Maybe I'll buy EA.
After they release Crysis 3 they can do whatever they want

Post a comment

Leave a comment Log in with Facebook

Recently Read

Featured Wii Content

Games of October: Your most wanted

Games of October: Your most wanted

06/10/2014 Polls 9 16
Dev threatens Gaben and gets game taken down

Dev threatens Gaben and gets game taken down

maxiboy 1 day News 3 4
Yeah, science! First-person shooters boost sensorimotor skills

Yeah, science! First-person shooters boost sensorimotor skills

Tano 2 days News 2 4
Skylanders Trap Team review

Skylanders Trap Team review

Gryllis 4 days Reviews 2 3
Friendly Fire Show 72: That's the joke

Friendly Fire Show 72: That's the joke

Podcast 4 days Articles 0 4
Lame Game IV is fundraising with 24hrs of awfulness
Gryllis 15/10 News 6 14
PAX Australia Saturday & Sunday passes sold out

PAX Australia Saturday & Sunday passes sold out

Gryllis 15/10 News 0 6
PAX Australia 2014 schedule announced

PAX Australia 2014 schedule announced

Tano 08/10 News 3 12
Banjo​-​Kazooie soundtrack available for download

Banjo​-​Kazooie soundtrack available for download

Gryllis 06/10 News 0 3

Community Content

Dev threatens Gaben and gets game taken down

Dev threatens Gaben and gets game taken down

maxiboy 1 day News 3 4
Awesome Gaming Stuff Of Tomorrow, Today! Vol. 3

Awesome Gaming Stuff Of Tomorrow, Today! Vol. 3

02/09/2014 Blog 10 0

MMGN Updates

Status
Updating..
Username

kangle4, MrMoo, Tano, KezDaMuss commented on 3D Realms returns with an epic 32-game retro anthology

kangle4 12 hours ago
Username

Pilkingbod, Tano, Mobe1969 commented on Some 10 years on, San Andreas’ Grove Street is still home

Pilkingbod 12 hours ago
Username

punk, A2ra3l, Tano commented on Dev threatens Gaben and gets game taken down

punk 15 hours ago
Username

Tano, Brutus commented on Some 10 years on, San Andreas’ Grove Street is still home

Tano 21 hours ago
Username

maxiboy's news - Dev threatens Gaben and gets game taken down has been featured by Guyver, great job!

Guyver 21 hours ago
Username

maxiboy's news - Dev threatens Gaben and gets game taken down has been featured by Guyver, great job!

Guyver 21 hours ago