Electronic Arts seems to be exploring a sale
posted:
8/20/2012 5:46:00 AM
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First it was Activision Blizzard. Now, it looks like Electronic Arts is quietly looking for a sale as well.
The NY Post is reporting that KKR and Providence Equity Partners have approached the long standing company about it. Providence owns a little company called Bethesda, by the way.
Reports are EA's looking at about $20 a share. At this time, they sit at $13.77.
With the advent of cheap mobile and social games these days, $60 games are being bought up less and less and it's hurting companies like EA and Activision. Of course, there are other factors too such as people these days have less disposable income than they did a few years ago.
Ah, remember when it was just really Take-Two in all these sales news?
The NY Post is reporting that KKR and Providence Equity Partners have approached the long standing company about it. Providence owns a little company called Bethesda, by the way.
Reports are EA's looking at about $20 a share. At this time, they sit at $13.77.
With the advent of cheap mobile and social games these days, $60 games are being bought up less and less and it's hurting companies like EA and Activision. Of course, there are other factors too such as people these days have less disposable income than they did a few years ago.
Ah, remember when it was just really Take-Two in all these sales news?
