rumor: EA for sale

[Nadia]

http://www.nypost.com/p/news/business/m ... eO9Zmh81GI

Electronic Arts — the force behind such popular video games as “SimCity” and “Madden NFL” — is quietly exploring a sale, The Post has learned.

While the discussions are at an early stage, the gamemaker has been approached by private-equity giants KKR and Providence Equity Partners about a potential transaction, according to sources.

“It’s early days,” said one source.

Electronic Arts said it doesn’t comment “on rumor and speculation.” Henry Kravis’s KKR declined comment, while Jonathan Nelson’s Providence did not return calls.

Providence also owns Bethesda, a leading independent gaming company.

EA, whose market cap is around $4 billion after a 37 percent drop this year, has been buying back shares. The stock closed up 3 percent, or 38 cents, yesterday at $13.09.

“They’ve made it known they’d do a deal at $20 a share,” said one source familiar with the company.

[Minute]

Good. Fuck them! Maybe whoever buys them will stop with the shitastic business practices.

[Fallakin Kuvari]

Ha!

You'd have to dismantle Activision first.