Nexon Makes Move for EA: Report - NBC Bay Area

Nexon Makes Move for EA: Report

Redwood City company's stock spikes Thursday on report.



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

    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.