Publisher EA has begun the process of putting itself up for sale, according to reports from the US.
The New York Post believes that discussions with private equity firms KKR and Bethesda owner Providence Equity Partners are at an early stage”.
EA’s market cap has fallen by around 37 per cent this year. A source familiar with the company told NYP that EA has made it known that it would do a deal for $20 a share”. The company is currently trading at $13.09 a share.
EA rival Activision has also been put up for sale by owner Vivendi, although the deal looks to have been scuppered by a lack of interest, with rumours suggesting that current boss Bobby Kotick may be exploring the option of an MBO.