According to New York Post, the popular game publisher Electronic Arts (EA) is quietly exploring opportunities for sale. The world’s third largest game company is reported to be in early talks with two private equity giants – KKR and Providence Equity Partners. EA is ready to sale at $20 per share, told one source familiar with the matter.
EA was the established in 1982 and has been a pioneer in computer gaming. It hold’s the third position in terms of revenue worldwide, after Nintendo and Activision Blizzard. But, the company is under increasing pressure from social and mobile gaming industry. In this year alone, EA has experienced 37 percent drop in its share price.
All these factors have lead EA to put it on sale, quietly. The gaming giant has, however, declined to comment on this matter. None of the equity firms commented on the matter either.
The talks are reported to be still in the early stages. To know whether the rumors and speculations will materialize we have to wait more.
Source: New York Post