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|30th April 2012, 08:36||#1|
Join Date: May 2010
Japan's Nexon Attempting to Buy Out EA?
Electronic Arts (EA) had a good day at the markets, on Thursday morning, following a report in a South Korean daily which claimed that Japan's Nexon Corporation is in a bid to buy it out. This report was mirrored by Bloomberg video on Thursday morning as markets opened Stateside. EA shares are responding strongly to the rumor: the game maker's shares have spiked $1.22, or 8.1%, to $16.23. EA has a market-cap of about US $5 billion, while Nexon's is around the equivalent of US $8.3 billion. Headquartered in Japan, Nexon is a predominantly Korean company, which specializes in development and distribution of online games.
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