Electronic Arts reportedly approached by private equity firms for a potential sale.
According to the New York Post, Electronic Arts have reportedly been approached by two private equity firms en route to a potential sale of the business as a whole.
While the discussions are at an early stage, the gamemaker has been approached by private-equity giants KKR and Providence Equity Partners about a potential transaction, according to sources.
Neither KKR, nor Providence wished to comment on the rumour with the latter not returning calls to the Post as of yet.
It should also be noted that Providence also owns stock in Bethesda by way of a $150 million private investment in parent company ZeniMax Media, resulting in a publicly announced investment total of $450 million to date. Whether or not this would result in a merging of a larger entity should a sale go through is anyones guess.
I'm sure more details will be coming over the next few weeks if there's any truth to this report.
Source: New York Post
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