South Korean Company Nexon to Bid on EA for Takeover

Accord to Joystiq, Nexon, the South Korean MMO company that created Maple Story is a pretty big player in the East. It's so big, it's thinking about and looking at possibilities of buying out a competitor from the West, Electronic Arts. Yes, THAT Electronic Arts. MK Business News, a South Korean newspaper, has reported that Nexon's Japanese headquarters spoke with EA about acquiring the company. However, it is unclear what the negotiations have come to. EA isn't saying anything according to all of its representatives.

But the bigger question is if this deal is possible in the first place. Many people don't think so. Michael Pachter (Wedbush Securities analyst and host of Pach-Attack on sated that it is highly improbable.

"There are few, if any synergies, and no reason to believe that Nexon could run EA's assets more efficiently. Nexon shareholders would own a completely different company than what they bought in the December IPO..."

So for now, it seems all these talks about an EA takeover is interesting to talk about. But it's highly and very unlikely for a deal to be happening in the near future.