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Electronic Arts Inc. (NASDAQ:EA) is quietly looking at a sale with firms that include KKR and Providence Equity Partners, say sources, and chatter has it that it would accept a bid of $20 per share. In the meantime, Take-Two Interactive Software, Inc. (NASDAQ:TTWO), which at one time rejected an offer from EA, sees its shares move up Thursday, along with EA’s archrival Activision Blizzard, Inc. (NASDAQ:ATVI).
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Barrick Gold Corporation (NYSE:ABX) affirms that it wants to divest its 74 percent investment in Tanzania-focused African Barrick Gold, reporting that it is in preliminary discussions with China National Gold concerning the matter. If China National is able to obtain more than 30 percent of the voting rights in ABG, it would then be required to make a full takeover bid.
Shares of Venoco, Inc. (NYSE:VQ) soar Thursday on word that advanced financing discussions toward its going-private agreement with Chief Executive Timothy Marquez are going forward. The firm has not yet set a completion date of the financing, nor a closing date for the merger, although the transactions are expected to close before Sept. 14th.
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