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

by Nathan Misa Featured 2 Comments 24 Votes 1275 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
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Maybe I'll buy EA.
After they release Crysis 3 they can do whatever they want

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