Citing South Korean business daily Maeil Business Newspaper, Bloomberg said
that Nexon Corp.
, a South Korean company with headquarters in Japan (MapleStory, Mabinogi, Combat Arms), contacted Electronic Arts
about a possible buyout. In 2011, Neoxn earned 25.7 billion yen ($256.9 million) and revenue of 87.6 billion yen ($1.13 billion). On the other hand, EA, whose fiscal year ended in March, is expected to report revenue of $4.17 billion for the full year. Moreover, EA has a market cap of $5.28 billion compared to Nexon's cash assets of $1.55 billion.
Rumour or not, EA's stock prices jumped by six percent yesterday.