Electronic Arts Exploring a Sale

Shares of the video game company jumped on the news

   

Electronic Arts (NYSE:EA) is rumored to be exploring the possibility of a sale, making it another of many video game companies being circled by buyout talk.

GameStop (NYSE:GME) — one of three stocks InvestorPlace editor Jeff Reeves says will never turn around — comes up often as a potential private equity buyout candidate.

Activision Blizzard (NASDAQ:ATVI), the company that makes the World of Warcraft series, has also been looking to split its Activision unit, but the plan has yet to come to fruition.

Electronic Arts is mostly know for its Madden franchise and titles like “Sim City” and “Battlefield.” It also has some reach in the social gaming space, competing with companies like Zynga (NASDAQ:ZNGA).

EA has been approached by private equity players Kohlberg Kravits Roberts & Co. (NYSE:KKR) and Providence Equity Partners. But again, talk is just in the early stages.

Shares of the company still jumped more than 8% by midday on the news, though.


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/electronic-arts-exploring-a-sale/.

©2014 InvestorPlace Media, LLC

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