NY Post: Electronic Arts ‘quietly exploring a sale’
According to unnamed “sources” speaking with the New York Post, Electronic Arts may be seeking buyers. Both KKR and Providence Private Equity Partners are named in the piece as exploring the purchase, though talks are said to be in the “early days.” Providence Equity Partners owns a partial stake in Bethesda parent company Zenimax Media; both PEP and KKR declined to comment on the report.
Electronic Arts is a publicly traded company, and its share price is currently just over $14 – according to one NYP source “familiar with the company,” EA would “do a deal at $20 a share.” EA also declined comment. “We don’t comment on rumors and speculation,” a rep told us this morning.NY Post: Electronic Arts ‘quietly exploring a sale’ originally appeared on Joystiq on Thu, 16 Aug 2012 09:45:00 EST. Please see our terms for use of feeds.
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