Electronic Arts Inc EA shares are trading higher Monday following reports the company is exploring a sale.
According to a Puck report, EA is actively looking for a buyer and has already held talks with several suitors including Apple Inc AAPL, Amazon.com Inc AMZN and Walt Disney Co DIS.
EA is reportedly open to a complete buyout or a merger opportunity in which its CEO Andrew Wilson would remain at the helm of the combined company.
The gaming company reportedly approached Disney a couple months ago, attempting to further relations between the companies, but Disney decided to not move forward with talks. Talks with Apple are reportedly ongoing.
John Reseburg, a spokesperson for EA told Puck the company would not comment on rumors and speculation relating to M&A activity.
“We are proud to be operating from a position of strength and growth, with a portfolio of amazing games, built around powerful IP, made by incredibly talented teams, and a network of more than half a billion players. We see a very bright future ahead,” Reseburg said.
EA Price Action: Electronic Arts shares have traded between $109.24 and $148.93 over a 52-week period.
The stock was up 2.01% at $133.39 at time of publication, according to data from Benzinga Pro.
Photo: Stefans02 from Flickr.