Nexon Makes Move for EA: Report

Redwood City company's stock spikes Thursday on report.

By Sajid Farooq
|  Thursday, Apr 26, 2012  |  Updated 1:08 PM PDT
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Nexon Makes Move for EA: Report

AP

The Electronic Arts headquarters is seen in Redwood City, Calif.

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Electronic Arts may be the worst place to work in America but right now it's not the worst stock to buy.

The Redwood City-based video game-maker's stock was trading high on Thursday morning following a report that Nexon was bidding to take the company over.

The South Korean online game company reportedly has plenty of money to make a move for EA. Forbes Asia reported Nexon's founder, Kim Jung-Ju, is South Korea's third richest person.

The company just went public in Tokyo last December and it expects revenue this year to exceed $1.4 billion.

EA has a reported market cap of about $5 billion.

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