EA shares are higher today after a report that a Japanese gaming company is making a bid for the company. Nexon, who creates multiple free-to-play MMO’s like Maple Story, Vindictus, Mabinobi and many others, is rumored to be the company making the bid.
The rumors have pushed EA’s stock higher by nearly 10%, as the company sees value in the publisher. EA’s stock has been hovering near its 52-week lows for some time, while its been facing headwinds during a transitionary period for the company.
Electronic Arts has one of the biggest market caps in the industry, and is rumored to have entertained the offer. Electronic Arts has declined to comment on the recent rumors and speculation.