Rumours swirl that Electronic Arts is seeking to be acquired – Business News
Electronic Arts up for sale?
Glen Korstrom, Business enterprise in Vancouver – Could 24, 2022 / 2:55 pm | Story: 369819
Photo: Canadian Turner Design Business/Contributed
EA Vancouver is established to increase its Burnaby campus by leasing new buildings that are underneath building.
Executives at software package and recreation developer Electronic Arts Inc. (Nasdaq:EA) have reportedly held talks with businesses these types of as Apple Inc. (Nasdaq:AAPL), Amazon.com Inc. (Nasdaq:AMZN) and Walt Disney Co. (NYSE:DIS) about a feasible merger or takeover.
The California-primarily based business owns EA Vancouver, which final year utilized 1,250 people in Burnaby, and has been in enlargement mode. EA Vancouver is the major digital-arts employer in B.C., with more than 50 for every cent extra workers than second-place Wildbrain Ltd., which has 800 personnel in the province.
Puck News on May possibly 20 documented on EA’s takeover talks. Bigger shops, these as CNBC, have also coated the news, which has despatched EA’s share cost up about 7.5 for every cent in the past 5 days, together with a lot more than two for each cent before now.
EA’s Canadian functions are dubbed EA Vancouver irrespective of employees currently being primarily based in Burnaby, on a 17-acre campus with about 750,000 square toes of get the job done space.
Kingswood Cash previous November broke ground on a 180,000-square-foot, 3-storey setting up in Burnaby that EA Vancouver ideas to lease. The web page at 3700 Gilmore Way is across the avenue from EA Vancouver’s 4330 Sanderson Way campus, and the job involves a 2nd 120,000-sq.-foot developing that EA is also most likely to lease.
The enlargement would permit EA to dwelling a further more 500 to 600 staff in Burnaby.
Vancouver entrepreneur Don Mattrick in 1982 established Exclusive Computer software, which EA bought in 1991. Mattrick stayed with the corporation in a variety of leadership positions right up until 2007.
