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Rumor: Nexon Makes Offer On Electronic Arts
EA's stock shares have taken a six-percent leap thanks to a rumor that free-to-play giant Nexon has made an offer on the company.
According to Market Watch, a South Korean newspaper is reporting that Nexon met with EA to discuss a possible merger. The newspaper's source was not named, but that didn't stop EA's stock from making a sharp jump to $16 a share.
Originally founded in South Korea, the Tokyo-based publisher Nexon is best known in the western markets for MapleStory. The company went public last December on the Toyko Stock Exchange, raising $1.2 billion in the initial public offering. This was Japan's largest IPO in 2011.
Neither EA nor Nexon is commenting on the speculation, but we'll keep you updated if anything concrete should come out of this rumor.
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