Maple Story makers Nexon consider buying Electronic Arts

maple story makers nexon consider buying electronic arts

Electronic Arts began the week with an associate of its Corporate Development Group saying that the company was “definitely” looking to acquire more game development studios in the future. EA is a company valued at around $5 billion today. Its tendrils spread far and wide through the industry. From big budget blockbusters like Mass Effect 3 to light hits like Bejeweled, it has games on every platform, from the lowly Nokia 1100 feature phone to the most powerful PC. Despite its big appetite for new studios, it looks like EA may be the one acquired in the near future. Nexon, the South Korean developer and publisher behind global hits like Maple Story, is said to be bidding on Electronic Arts.

Share prices in Electronic Arts spiked up 5% on Thursday morning after a South Korean newspaper said that Nexon had made an offer for the company. Nexon declined to comment on the rumor, as did EA’s spokesman Jeff Brown. Owen Mahoney though, Nexon’s chief financial officer, said that his company is actively hunting for mobile game developers strong in the smartphone space. Considering that EA consistently has multiple properties in the top ten best-seller lists in the Apple App Store and the Android Market, it would be a prime pick up for Nexon.

Whether EA and its board would acquiesce to a strong offer from Nexon is unknown. While EA has never managed to recover from its precipitous dip in value following the 2008 market crash, it remains one of the most valuable and highest earning video game publishers in the world.

Nexon for its part has grown dramatically over the past ten years thanks to the popularity of its online games throughout Asia. The aforementioned Maple Story and online racing game Kart Rider, in addition to numerous other MMOs, have made it a formidable competitor in the casual market.

That said it’s hard to imagine that Nexon has the available resources to outright purchase Electronic Arts. The company reported total assets of nearly 236 billion yen at the beginning of this year, close to $3 billion, or just over half of Electronic Arts’ market cap on the NASDAQ exchange.

Nexon’s strength in the Asian MMO market though could make it an attractive partner for Electronic Arts. A merger between the two could strengthen both companies in the global market.

Translation: Nexon could benefit from some of that sweet Madden NFL money here in the U.S. while Electronic Arts could get fat on the sweet goodness of Maple Story in South Korea.

Emerging Tech

China says it has developed a quantum radar that can see stealth aircraft

Chinese defense giant China Electronics Technology Group Corporation claims that it has developed a quantum radar that's able to detect even the stealthiest of stealth aircraft. Here's how it works.
Gaming

Your PlayStation 4 game library isn't complete without these games

Looking for the best PS4 games out there? Out of the massive crop of titles available, we selected the best you should buy. No matter what your genre of choice may be, there's something here for you.
Gaming

Everything we know about 'Anthem', including new details on Javelin classes

BioWare announced an upcoming action role-playing game called 'Anthem' at EA Play 2017. Here's everything we know about the game so far, including gameplay, DLC, and when you'll be able to play it.
News

Zoom in on famous works through the Art Institute of Chicago’s new website

Art lovers, listen up. The Art Institute of Chicago has given its website a serious makeover with new features that let you get up close and personal with more than 50,000 artworks by famous (and not so famous) artists.
Gaming

The Army wants YOU … to play esports with soldiers

The U.S. Army is creating esports teams for games such as Overwatch, Fortnite, PlayerUnknown's Battlegrounds, and League of Legends. The initiative looks to boost recruitment, after missing the mark for the first time since 2005.
Computing

If the speed of AMD’s Radeon RX 590 doesn’t entice you, the game bundle will

AMD's Radeon RX 590 is a new video card that targets 1080p gaming at maximum detail. Starting at $280, it fills a gap between the Radeon RX 580 and the more expensive Radeon RX Vega. AMD says the new RX 590 can beat Nvidia's GTX 1060 Ti.
Gaming

PlayStation 4 celebrates fifth anniversary with ‘Call of Duty: Black Ops 4’ bundle

The PlayStation 4 is officially five years old today, November 15, and to celebrate the anniversary, Sony is offering a new console bundle that includes a free copy of Call of Duty: Black Ops 4.
Gaming

These are the best Xbox One games available right now

More than four years into its life span, Microsoft's latest console is finally coming into its own. From 'Cuphead' to 'Halo 5,' the best Xbox One games offer something for everyone.
Gaming

‘Hitman 2’ makes a target of the unkillable Sean Bean, but you’d better not miss

Famously mortal actor Sean Bean will be available to kill in Hitman 2 beginning November 20. He'll be in the game as an Elusive Target for two weeks and you'll only get one chance to take him out.
Gaming

Bug is turning ‘Fallout 76’ players into mutants even more terrifying than usual

A bug linked to the Power Armor gear in Fallout 76 appears to be turning players into bizarre naked mutants, complete with extremely long limbs that are more than a little unsettling.
Gaming

Tips for surviving the nuclear wasteland in 'Fallout 76'

Before running into nuclear wasteland with your Pip-Boy, take a moment to consider these Fallout 76 tips. From food and water to maintaining weapons and armor, here are the things all beginners should know.
Gaming

Find a fish and get your boogie on with Fortnite's week 8 challenge

The Fortnite season 6 week 8 challenges have arrived as we near the end of this spooky season. The big free challenge this week is the Fortnite fish trophy challenge where you need to dance with different fishes. Here are all of the…
Gaming

For the first time ever, PlayStation will be a no-show at E3

For the first time in the event's history, E3 2019 will not feature Sony or PlayStation. The massive event almost always features a lengthy press conference from Sony, often after all other major companies give theirs.
Deals

All the Best Target Black Friday deals for 2018

The mega-retailer opens its doors to the most competitive shoppers at 6 p.m. on Thursday, November 22, and signs indicate that the retailer means business this year. We've sifted through all of the deals, from consumer electronics to small…