EA shares rise as Nexon issues rumored takeover bid

Consider this update part news and part rumor.

An unconfirmed report from a South Korean newspaper suggests that online gaming giant Nexon has reached out to EA about a potential takeover bid.

Once the rumor circulated, EA shares rose nearly six percent. They rose $1.22, or 8.1%, to $16.23. According to Forbes, “stock lately has been trading close to a 52-week low”.

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