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

by Nathan Misa Featured 2 Comments 24 Votes 1180 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

Favourite 2014 game so far?

Favourite 2014 game so far?

19/06/2014 Polls 22 30
FIFA 15 trailer gets intensely emotional
Gryllis 1 day News 2 6
Friendly Fire Show 63: It is Thor Destiny

Friendly Fire Show 63: It is Thor Destiny

Podcast 1 day Articles 0 8
Friendly Fire Show 62: The Kim Kardashian Special

Friendly Fire Show 62: The Kim Kardashian Special

Podcast 4 days Articles 1 4
Sega still open to releasing games on Wii U VC

Sega still open to releasing games on Wii U VC

Gryllis 6 days News 3 6
PS4 remakes welcome back Wii gamers to PlayStation

PS4 remakes welcome back Wii gamers to PlayStation

Gryllis 6 days News 10 14
Duck Hunt gun used to stop home robbery

Duck Hunt gun used to stop home robbery

Tano 6 days News 0 9
Messi looking sad on FIFA 15 cover, Cahill yet to be added

Messi looking sad on FIFA 15 cover, Cahill yet to be added

Gryllis 15/07 News 11 12
The Pokémon Company is one of the world's best licensors

The Pokémon Company is one of the world's best licensors

Tano 14/07 News 0 6

Community Content

A New Era For MMGN: Our New HQ

A New Era For MMGN: Our New HQ

23/06/2014 Blog 15 1

MMGN Updates

Status
Updating..
Username

tsubibo, Guyver, murdoc_249, stublu commented on Razer Blade (2014) gaming laptop review

tsubibo 26 mins ago
Username

tsubibo, zurczner, Pilkingbod and other 4 users commented on Pop star Lorde says Oculus Rift is 'kind of like communism'

tsubibo 38 mins ago
Username

Jayden27 is now Level 15!

Jayden27 5 hours ago
Username

commented on Favourite 2014 game so far?

Macomb 6 hours ago
Username

commented on PS4 set to get media playback support

demondog 7 hours ago
Username

Elraro, Tano, Tj866 and other 3 users commented on Pop star Lorde says Oculus Rift is 'kind of like communism'

Elraro 7 hours ago
Username

commented on Win Transformers: Rise Of The Dark Spark!

Leasha 10 hours ago
Username

M@ndyz's news - Curse of Naxxramas Tomorrow has been featured by Leasha, great job!

Leasha 11 hours ago
Username

M@ndyz posted a news - Curse of Naxxramas Tomorrow

M@ndyz 11 hours ago