EA Stocks Up On Rumour of Buy Out

Bloomberg published a rumour (see the video below) that Nexon is in the frame to buy EA. This was picked up in a Tweet and then Forbes ran with it.

Forbes says, "Electronic Arts shares are trading higher Thursday morning on a report that apparently originated with a South Korean newspaper that said the Japanese 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."

The Tweet from CNN Money's Paul La Monica says, "More $EA. Up 5% pre-market. No news other than Madden but M&A chatter that Japanese-Korean gaming company Nexon may be interested in buying."

So, we're reporting it. Check out Bloomberg report after the nice looking chap talks about Pepsi and Facebook (about 00:00:38 in).