Nexon rumoured to have launched EA takeover bid

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EA shares has enjoyed a sharp jump on rumours that South Korean gaming giant Nexon has made a bid for the publisher.

Both Forbes and Bloomberg are carrying the rumour, which originated from a South Korean newspaper.

As a result of the chatter EA shares surged by over eight per cent, and that comes on the back of trading at a year-long low.

Free-to-play online games specialist Nexon was founded by Kim Jung-Ju, whom Forbes claims to be the third richest man in South Korea. He oversaw Nexon's IPO in December.

Nexon's best known game is MapleStory.