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EA files with SEC to raise capital

BUSINESS BRIEFING / VIDEO GAMES

November 18, 2008|Times Wire Services

Electronics Arts Inc., the second-largest U.S. video game publisher, filed a statement with regulators indicating that it might seek to raise capital.

The filing with the Securities and Exchange Commission paves the way for a future sale of stock or debt securities. Redwood City, Calif.-based Electronic Arts doesn't have any debt outstanding and reported $2.47 billion in cash and marketable securities as of Sept. 30.

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