Electronic Arts (EA) Sees Early Action on Takeover Report
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Price: $208.90 +0.51%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: +3.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: +3.8%
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Electronic Arts Inc. (NYSE: EA) is jumping higher early Thursday following reports from the New York Post the company attracting takeover interest from private equity firm.
While talks are in the "early days", the company has been approached by KKR and Providence Equity Partners, the report said.
One source said EA made it know that they'd be willing to do a deal at $20 per share, or 53 percent above yesterday's close of $13.09.
Shares of EA are up 13.6 percent this morning on the chatter.
Interestingly, PE takeover rumors from the Post also have shares of Coinstar (Nasdaq: CSTR) higher this morning.
While talks are in the "early days", the company has been approached by KKR and Providence Equity Partners, the report said.
One source said EA made it know that they'd be willing to do a deal at $20 per share, or 53 percent above yesterday's close of $13.09.
Shares of EA are up 13.6 percent this morning on the chatter.
Interestingly, PE takeover rumors from the Post also have shares of Coinstar (Nasdaq: CSTR) higher this morning.
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