Redwood City, Calif. -- Electronic Arts (EA), the Redwood City-based developer and publisher of video games, is quietly exploring a sale of the company, the New York Post reported on Thursday. The company reportedly has been approached by private-equity giants KKR and Providence Equity Partners. "They've made it known they’d do a deal at $20 a share," an unnamed source told the Post. The news helped drive shares of EA up 5.5% to $13.81 in Thursday's trading on the Nasdaq.
http://www.ea.com
http://www.nypost.com/p/news/business/mad_for_madden_3lyqSl04ZEpZeO9Zmh81GI
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