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EA CEO Shuts Down Buyout Rumors

EA's CEO has stepped forward to shut down any buyout rumors that have surrounded the company recently.
EA CEO Shuts Down Buyout Rumors
The past few months have been quite eventful for the gaming industry and gamers in general. We've already seen the release of many popular titles such as Stray, as well as the landscape of the gaming industry changing after Sony finalized its acquisition of Bungie, and Microsoft moved forward with a massive Activision Blizzard deal.

Among these recent developments, rumors have sprung up around EA, and the possibility of the company itself being acquired as well. However, the CEO has stepped up to address these buyout rumors and shut them down once and for all.

EA CEO Shuts Down Buyout Rumors

EA CEO Buyout Rumors
EA has had massive success recently as shown by its Q1 earnings and its live services. (Picture: EA)

Andrew Wilson, the current CEO of Electronic Arts has come forward with a strong statement recently to shut these rumors down, stating that "[Electronic Arts] could not be in a stronger position as a standalone company than it currently is". Wilson has also claimed that the company's objective is to keep its players and shareholders happy and that the current way of doing that doesn't seem to leave much performance on the table.

These statements are also backed by the recent Q1 earnings call and the fact that EA's live service games are doing far better than expected. "We feel very very confident and excited," concludes Wilson, which underlines the notion that Electronic Arts doesn't seem very likely to get acquired by a bigger company anytime soon with all the recent success that they have accrued.

EA has also seen a change of management recently, with former CEO John Riccitiello stepping down amidst the SimCity crisis, and Andrew Wilson taking over to recoup the losses with relatively little publishing experience. Wilson then took the helm and guided EA to where they are now, and the company flourished under his leadership, making it unlikely that the company's course and direction will change any time soon either.

EA CEO Shuts Down Buyout Rumors Under management and its success, EA will stay independent
EA under the current management has seen massive success and will likely stay a standalone company. (Picture: EA)

Although it should be noted that the statements Wilson has made are loose enough to allow for a future acquisition, and while it may not be likely right now given their success, the future is always uncertain with the volatility of the gaming industry. But when it comes to the current state of EA, it will likely be a stand-alone company for the foreseeable future.

And that's everything you need to know about the rumors of EA's possible acquisition. For now, EA stands strong as an independent company, and it doesn't look like it will be changing anytime soon under Andrew Wilsons's management.

For more on the gaming industry, check out our section dedicated to the latest Video Games news, drama, leaks, and more.

 

Featured image courtesy of EA.