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EA stocks rise amid reports of Nexon takeover bid

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Attendees line up at the Electronic Arts booth

© PA Images / Damian Dovarganes/AP

Electronic Arts has received a bid offer from South Korean publisher Nexon, according to reports.

A Bloomberg video report refers to a South Korean paper claiming that Nexon has contacted EA offering a buyout of the publisher.

As a result of the Nexon bid news, EA's stock price jumped 8.1%, having previously reached a 52-week low.

Nexon specialises in publishing free-to-play massive multiplayer online titles such as Maple Story.

Electronic Arts is one of the industry's largest game publishers, known for blockbuster titles like Mass Effect 3 and its line of sports games such as Madden and FIFA 12.

Both companies have refused to comment on the situation.

A recent report had stated that EA was preparing to cut up to 1,000 employees, nearly 11% of its work force. The cuts were due to lower than expected sales from Battlefield 3 and Star Wars: The Old Republic coupled with its expensive acquisition of PopCap Games.

Electronic Arts was recently named the worst company in America by The Consumerist.

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> Read our Star Wars: The Old Republic review

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