[Rumor] EA to be bought out by Nexon

[Nattvardsvin]

What the fuck

 

[Loly Polly in Copacabana]

Oh! My God

You just became my favorite Codex person in the universe.

 

[evdk]

In a rather hilarious turn of events there now exists a possibility for a genuine DING DONG BANNU action on BSN.

 

[Nattvardsvin]

END OF RINE
-------------------- RINE ENDS HERE

 

[Wirdschowerdn]

http://www.eurogamer.net/articles/2012-04-26-nexon-interested-in-buying-ea-report

Oh! My God

"Waup waup...huhuh.. I hope they be romancable in DA3"

 

[sgc_meltdown]

http://en.wikipedia.org/wiki/MapleStory#Cash_Shop

The Cash Shop is an in-game shop where players use real-life currency to purchase unique virtual goods such as avatars, digital pets and other in-game items. Most Cash Shop items expire after a period of time. The Cash Shop also offers a shop permit, allowing players to set up a store in the in-game market location called the Free Market.

 

[Dexter]

Well, they certainly managed one thing... and that is to finally break the dry spell of Electronic Arts on the stock market

http://www.google.com/finance?cid=168725

 

[evdk]

Most Cash Shop items expire after a period of time

Jesus Christ, that's pure genius.

 

[Nattvardsvin]

Oh wow. So you're basically renting shit. You don't get to keep it.

 

[felipepepe]

At lest Nexon focus on PC games.

 

[Wulfstand]

EA more than deserves it. EAt shit and die, you fucks.

 

[sgc_meltdown]

Jesus Christ, that's pure genius.

"You think you discover microtransaction? You think you perfect no-overhead digital sale? Welcome to my land, gwailo! Here is free western tophat gift, is US $9.99 if you want rest of costume set. Shit will look so cash, I think you say. Hahahahaha! Ah...wait until we sell Bioware game costumes. You wait and see, white man."

 

[Menckenstein]

EA employees will have to buy parking passes through MapleStory.

 

[Kz3r0]

In before FIFA the MMO, where you have to buy famous football players with real money.

 

[Azalin]

Most Cash Shop items expire after a period of time

Jesus Christ, that's pure genius.

Wow,Riccitiello and Kotick are amateurs compared to these guys

END OF RHINE for EA?

 

[Mackerel]

Owen Mahoney is Global Chief Financial Officer at Nexon Inc., and is responsible for managing Nexon's global financial operations, as well as investments and strategic alliances.

Mr. Mahoney has more than 15 years of experience in finance, and was most recently CEO of the online game publisher, Outspark. Prior to that, he was Senior Vice President of Corporate Development at Electronic Arts, where he was responsible for worldwide mergers and acquisitions and business development, and led all acquisitions and equity investments from November 2000 to March 2009.

 

[Menckenstein]

Owen Mahoney is Global Chief Financial Officer at Nexon Inc., and is responsible for managing Nexon's global financial operations, as well as investments and strategic alliances.

Mr. Mahoney has more than 15 years of experience in finance, and was most recently CEO of the online game publisher, Outspark. Prior to that, he was Senior Vice President of Corporate Development at Electronic Arts, where he was responsible for worldwide mergers and acquisitions and business development, and led all acquisitions and equity investments from November 2000 to March 2009.

Nexon bankruptcy in 2014

 

[Havoc]

Owen Mahoney is Global Chief Financial Officer at Nexon Inc., and is responsible for managing Nexon's global financial operations, as well as investments and strategic alliances.

Mr. Mahoney has more than 15 years of experience in finance, and was most recently CEO of the online game publisher, Outspark. Prior to that, he was Senior Vice President of Corporate Development at Electronic Arts, where he was responsible for worldwide mergers and acquisitions and business development, and led all acquisitions and equity investments from November 2000 to March 2009.

Nexon bankruptcy in 2014

That's the point! 2012 EA bought by Nexon. 2013 Dragon Age (/ Mass Effect) MMO. 2014 bankruptcy! Weee!

 

[Gerrard]

Most Cash Shop items expire after a period of time

Jesus Christ, that's pure genius.

EA already did that in Battlefield Heroes I think.

 

[Nattvardsvin]

Owen Mahoney is Global Chief Financial Officer at Nexon Inc., and is responsible for managing Nexon's global financial operations, as well as investments and strategic alliances.

Mr. Mahoney has more than 15 years of experience in finance, and was most recently CEO of the online game publisher, Outspark. Prior to that, he was Senior Vice President of Corporate Development at Electronic Arts, where he was responsible for worldwide mergers and acquisitions and business development, and led all acquisitions and equity investments from November 2000 to March 2009.

Nexon bankruptcy in 2014

That's the point! 2012 EA bought by Nexon. 2013 Dragon Age (/ Mass Effect) MMO. 2014 bankruptcy! Weee!

Killing two birds with one stone.

 

[Metro]

Somewhere Trip Hawkins is laughing.

 

[Menckenstein]

Somewhere Trip Hawkins is laughing.

 

[Hellraiser]

wait what how can some shit korean company like this afford to buy control of a company like ea

either way ea can't decline any further so this is potentially incline

You see bro, there are many ways in which they can. Outside of the fact that they are not so small (but wiki didn't list their total equity and I'm too lazy to search gook stock exchanges for data so hell if I know how big they are).

They can for example "pay with their own stocks", AOL did that just before the dotcom bubble when taking over time warner. If their stocks are overpriced due to speculation it could work to great effect.

They could also just do a leveraged buyout (in nonzionistbankerconspirator it means get a loan), assuming whoever will be willing to finance them gets some decent collateral. Or thinks that EA itself is decent collateral

You also have to remember they just need to control 50%+1 stock of EA to take them over.

Although EA at the moment is worth 5,2 billion, so they still need a ton of cash. At least 2,6 billion PLUS premium, the market won't just sell them that stock for the current price. However EA can't do jack if its managment doesn't want the buyout to happen.

http://www.nasdaq.com/symbol/ea/ownership-summary

Their ownership is fractured like hell. I can't find how much of their stock is in free float but my guess is there is enough of it to take them over regardless of what their CEO may want. Especially with investors seeing EA stocks in free fall, I doubt there are many of them investing longterm into EA. With Nexon saying it wants EA many will view this as an excellent opportunity to cut their losses.

Especially if they are smart, after all most mergers and acquisitions destroy shareholder value rather than create it. Shit is most likely to go wrong after the buyout, so better to get as much cash as possible out of EA now and jump off the train wreck in the making. Especially when we have Korean and American corporate cultures clashing. Yes their business models of p2p decline are similar, but their management styles are not.

At least EA will get a taste of its own medicine by getting sodomized by their new Korean overlords.

Note: this post is like my opinion man, and should not be viewed as investment advice.

 

[Loly Polly in Copacabana]

Korean corporate culture

Cybelpunk colpolations too soft fol taste of me. They need stlong hand.

 

[hoverdog]

the potential butthurt caused by all this should be MAJESTIC