Is Japanese Gaming Giant Nexon Plotting Takeover of Electronic Arts?

Posted by Knowlton Thomas

Electronic Arts is a big company. With nearly 8,000 employees and almost $4 billion in annual revenue, it's one of the world's largest video game publishers. But rumours have surfaced that Nexon - with 3,200 employees and $1.2 billion revenue - is plotting a takeover.

EA shares rose - after months of tumbling - on news that the Japanese gaming company may acquire EA, which is US-based but has deep roots and multiple offices in Canada. Nexon once had a Vancouver office, too, but that shuttered in 2009.

Citing unidentified industry officials, Maeil Business reported that Tokyo's Nexon has already contacted Redwood's EA. Nexon is looking at other companies as well, including unnamed mobile game developers. And Nexon has made two investments in game companies in the past two months. But the company has a policy of "never commenting on rumours." As does EA. So only time will tell.

Company:
Electronic Arts
Website:
http://www.ea.com
Location:
Vancouver, British Columbia, Canada

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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis or otherwise enjoying the outdoors. more



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