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Electronic Arts Inc. (EA)

  • Sep. 26, 2012, 2:41 PM
    Electronic Arts (EA +0.4%) has bought online game studio ESN for an undisclosed sum. ESN is responsible for Planet, a popular framework for developing online games, and has already collaborated with EA to develop the Battlelog social networking service for EA's popular Battlefield 3. TechCrunch speculates EA could use ESN's solutions to offer online gaming services for 3rd-party developers, in addition to its own titles. (BofA downgrade)
    | Sep. 26, 2012, 2:41 PM | Comment!
  • Sep. 18, 2012, 4:42 PM
    The co-founders of Electronic Arts' (EA) BioWare game studio have announced they're leaving the company and retiring from game development. BioWare, acquired by EA in '07, has been responsible for hit franchises such as Mass Effect and Dragon Age, as well as the disappointing Star Wars: The Old Republic.
    | Sep. 18, 2012, 4:42 PM | Comment!
  • Sep. 11, 2012, 2:52 PM
    Electronic Arts (EA) has tried to buy Valve, owner of the Steam game distribution service, the NYT reports; the paper adds any deal would have probably sported a $1B+ price tag. Valve, which Wedbush's Michael Pachter thinks could be worth $2.5B, made waves yesterday by announcing Big Picture, a TV-friendly Steam interface that makes it more of a rival to traditional consoles. There's still plenty of speculation that Valve will either produce a Steam console or software that can enable one.
    | Sep. 11, 2012, 2:52 PM | Comment!
  • Aug. 20, 2012, 3:58 PM
    Electronic Arts (EA -1.5%) slips after S&P downgrades to Sell and throws cold water on recent rumors of buyout talks with P-E firms. The firm sees EA as an unlikely M&A candidate due to its unpredictable earnings (dependent on hit games), a declining console gaming market, and the potential for EA to pull the plug on Star Wars: The Old Republic due to declining subscribers and high costs.
    | Aug. 20, 2012, 3:58 PM | Comment!
  • Aug. 16, 2012, 10:07 AM
    Electronic Arts (EA +7.1%) has given up half the premarket gains it saw on a report it's in early talks with P-E firms. Take-Two Interactive (TTWO +3.1%), which once spurned a bid from EA, is getting a lift, but EA archrival Activision (ATVI +0.4%) isn't so fortunate. It was only two weeks ago reports emerged that Vivendi is shelving plans to sell its 60% stake in Activision due to a lack of interest. Will EA's smaller market cap and greater mobile/social exposure be enough to produce a different outcome?
    | Aug. 16, 2012, 10:07 AM | 1 Comment
  • Aug. 16, 2012, 6:57 AM
    Electronic Arts (EA) quietly explores a sale with P-E firms including KKR and Providence Equity Partners, according to sources. The buzz is that the company would accept a $20-a-share offer. Shares +14.4% premarket to $14.90.
    | Aug. 16, 2012, 6:57 AM | 2 Comments
  • Jun. 4, 2012, 5:06 PM
    THQ (THQI +11.1%) is selling its rights to publish Ultimate Fighting Championship (UFC) video games to Electronic Arts (EA) for an undisclosed cash payment. THQ, which has been paring back its game development efforts as it tries to lower its cash burn, says it will continue to publish existing UFC titles through March 2013.
    | Jun. 4, 2012, 5:06 PM | Comment!
  • May 3, 2012, 11:18 AM
    Nexon isn't interested in buying Electronic Arts (EA +0.8%), sources tell Bloomberg, dousing recent speculation (I, II). However, it is talking with EA about distributing the next version of its FIFA Online game in Asia. EA is reportedly hoping to benefit from Nexon's Asian reach and experience with virtual goods sales.
    | May 3, 2012, 11:18 AM | Comment!
  • May 2, 2012, 9:18 AM
    Though many are skeptical about rumors Asian online gaming firm Nexon will bid for Electronic Arts (EA), Sarah Lacy thinks it's possible after talking with Nexon founder Jay Kim. Kim claimed Nexon has long-term ambitions for being a major player in the U.S., and needs to add more sports titles. Also from Kim: "...we don’t see EA as dying. We still respect what they’ve built. There are many good teachers there."
    | May 2, 2012, 9:18 AM | 1 Comment
  • Apr. 26, 2012, 2:04 PM
    Wedbush's Michael Pachter isn't buying rumors Asian online gaming giant Nexon will buy Electronic Arts (EA +6.9%). With a current market cap of $5.3B, EA would be very tough for Nexon ($8B market cap) to swallow. In addition, employee defections would be huge, Nexon's CEO (owns over 50% of shares) doesn't want to relinquish control, and Nexon has no experience in many of EA's core markets. Also rallying on the rumor: ATVI +2.5%. ZNGA +3.6%. GLUU +3.7%.
    | Apr. 26, 2012, 2:04 PM | 3 Comments
  • Dec. 1, 2011, 5:38 PM
    Electronic Arts (ERTS) continues to expand its casual gaming arsenal: The company is acquiring KlickNation, a developer of social role-playing games. EA's move comes on the heels of its acquisition of mobile games developer PopCap, and the release of a Facebook title for its popular Sims franchise. (also)
    | Dec. 1, 2011, 5:38 PM | Comment!
  • Jul. 14, 2011, 9:35 AM
    Electronic Arts (ERTS -2.1%) plans to issue $550M in convertible senior notes due in 2016. The company, which has over $2.2B in cash and investments and no debt, plans to use part of the proceeds to help pay for its acquisition of PopCap Games. (PR)
    | Jul. 14, 2011, 9:35 AM | Comment!
  • Jul. 12, 2011, 5:03 PM
    Along with announcing what may be a billion-dollar deal for PopCap, Electronic Arts (ERTS) offered some mixed guidance, raising revenue estimates for the year - and for just-ended FQ1 to $500M-525M, from $460M-500M, vs. a consensus of $490M; and it sees a narrower FQ1 loss of $0.37-0.40 per share vs. expected loss of $0.45 - but an unexpected current-quarter loss of $0.05-$0.15/share. ERTS now -3.2% AH. (PR)
    | Jul. 12, 2011, 5:03 PM | Comment!
  • Jul. 12, 2011, 4:11 PM
    As rumored, Electronic Arts (ERTS) will buy PopCap Games after all, for $750M in cash and stock - though earn-outs could bring the value up to $1.3B. It's not cheap, but EA has been playing second fiddle to smaller upstarts like Zynga in social gaming. ERTS -2.8% AH. (Zynga's challenges)
    | Jul. 12, 2011, 4:11 PM | Comment!
  • Jun. 23, 2011, 6:34 AM
    Electronic Arts (ERTS) is said to be in late stage talks to buy PopCap Games for over $1B. Sources say the pricey deal is a Hail Mary pass from EA to break into mobile and social gaming.
    | Jun. 23, 2011, 6:34 AM | Comment!
Company Description
Electronic Arts Inc develops, markets, publishes and distributes video game software and content that can be played by consumers on various platforms.