Rumor: South Korea’s Nexon to Buy EA?

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Via Simprograms

Electronic Arts shares are trading higher Thursday morning on a report that apparently originated with a South Korean newspaper that said the South Korean online game company Nexon has made a bid for EA.

Not a lot to go on here just yet, but EA shares are responding strongly to the rumor: the game maker’s shares have spiked $1.22, or 8.1%, to $16.23. The stock lately has been trading close to a 52-week low, as it continues to struggle through a transition to switch more of its business to digital distribution and away from the traditional shrink-wrapped console game market.

 

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