Electronic Arts Gains on Report of Takeover Talks

Thursday, 26 Apr 2012 04:56 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Shares of Electronic Arts Inc. rose the most in more than four months after a report that Japan’s Nexon Co. may acquire the second-largest U.S. video-game publisher.

Electronic Arts gained 6.1 percent to $15.93 at Thursday's close in New York, the biggest jump since Nov. 30. The Redwood City, California-based company has tumbled 23 percent this year.

Nexon, the Tokyo-based video-game maker, has contacted Electronic Arts, Maeil Business said, citing unidentified industry officials.

Nexon is in talks to buy smartphone and mobile-game developers, Chief Financial Officer Owen Mahoney said in an interview this month. Nexon announced two investments in game companies in the past two months.

“Nexon has a policy of never commenting on rumors,” the company said in an e-mailed statement. Jeff Brown, an Electronic Arts spokesman, said in an e-mail that the company doesn’t comment on rumors or speculation.

Nexon’s shares fell 2.3 percent to 1,524 yen at the close of Tokyo trading Wednesday.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved