Electronic Arts Said to Near Buyout Deal at About $210 Per Share
Electronic Arts (EA), a leading video game company, is reportedly in advanced negotiations to be acquired in a buyout deal at around $210 per share. The potential buyout would take the company private, according to sources familiar with the matter. The proposed acquisition price of $210 per share represents a significant premium over EA's current trading price, suggesting that the deal could be valued at approximately $42 billion. The company's shares have been trading well below their 52-week high, making it an attractive target for a potential takeover. If the deal goes through, it would be one of the largest transactions in the video game industry, reflecting the growing importance and profitability of the sector. The move is likely to provide EA with more flexibility and resources to navigate the rapidly evolving gaming landscape, which has been shaped by the rise of mobile and online gaming.
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