Report: Electronic Arts exploring sale, stock jumps 9 percent

Electronic Arts is "quietly exploring" a sale of the company, according to the New York Post.

Electronic Arts is "quietly exploring" a sale of the company, according to the New York Post.

The company has reportedly been approached by two private-equity firms, Kohlberg Kravis Roberts and Providence Equity Partners, and preliminary discussions are said to be under way. Providence Equity has invested a total of $450 million in ZeniMax Media, the parent company of Bethesda Softworks and id Software, since 2007.

EA's stock closed at $13.09 yesterday, up 3 percent. Following the Post's overnight report, the share price jumped 9 percent to open at $14.28 this morning, and has been fluctuating throughout the day. The Post quoted one source as saying EA would approve a sale that valued its stock at $20 per share.

The report follows rumors earlier this year that Korean free-to-play publisher Nexon sought a purchase of EA; those rumors turned out to be untrue, as the two companies teamed up for FIFA Online 3 in Korea.

We've reached out to Electronic Arts for comment, and will update this post with any information we receive.

Update: An EA representative told Polygon, "We don't comment on rumors and speculation."

More from Polygon

Enemy Starfighter: Homeworld from inside a fighter

  • Call of Duty: Advanced Warfare gameplay trailer

  • Diablo 3 - Xbox One vs. PC comparison

  • Hearthstone - Military Quarter gameplay video

  • Elite: Dangerous Overview video

Latest Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new Polygon username and password

As part of the new Polygon launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to Polygon going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new Polygon username and password

As part of the new Polygon launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to Polygon going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.
Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_5353_tracker