ea news

Is Electronic Arts Up for Sale?

Electronic Arts Inc. (Nasdaq:EA) is “quietly exploring” opportunities for it to be sold to private equity firms, according to a report by the New York Post. According to these reports, EA is talking to two different potential companies about a sale. Both are private equity companies- KKR & Co. L.P (NYSE: KKR) and Providence Equity Partners, a major shareholder in ZeniMax Media, an EA competitor. So what does this mean for EA? Honestly, it’s too early to tell. One source said “it’s early days” for any deliberation but then another source said that EA has “made it known they’d do a deal at $20 a share.” Either way, we’re basing all of this on rumor and not on any solid facts at this time. EA’s stock has struggled a bit lately, dropping 37% in the past year. However, they are still a leader in the industry and some might say that drop is just a…

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EA Q1 FY 2013 Earnings Call Recap

After the big news today about SWTOR going to a free to play model, Electronic Arts also held their Q1 FY 2013 Earnings Call. Live coverage of the call began at 2pm PST. Many fans and investors were hanging on for this call to see what might be mentioned about SWTOR, SWTOR subscriptions and the free to play model. You can also see the Prepared Comments and Q1 FY13 Slide Presentation   as well as Q1 FY13 Earnings Release  from the website.        The Q1 FY13 Financial Model is available for download from the site but it’s legal mumbo-jumbo to your average person not familiar with business statistics. It shows the profit and loss margins for the company, quarterly net revenue statistics and more. It shows the breakdowns for different consoles and platforms and there is also a 12 quarter balance sheet. In the press tables they say: “We have…

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