Rumor: Nexon offers to buy Electronic Arts
By Mufaddal Fakhruddin on April 29, 2012
South Korean publisher
Nexon, a South Korean publisher known for its free-to-play games like MapleStory and Combat Arms, has apparently offered to buy Electronic Arts, according to Bloomberg.
Following the news, Electronic Arts shares spiked from $1.22 to $16.23.
Nexon is one of the biggest publisher in South Korea, who had managed to raise $1.2 billion last year in Japan’s biggest IPO of 2011. It’s run by Kim Jung-Ju, who happens to be the 3rd richest person in South Korea.
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