EA Games is considering a sale to either private equity firm KKR or Providence Equity Partners, according to the New York Post.

While the potential deal is still in its infancy, the video game giant, known for FIFA and The Sims among other notable titles, is thought to be looking for a firm to take the company private at $20 (€16) per share, while its current stock price sits at $13.81. 

Headquartered in California, EA has a major European base in Geneva and studios in Guildford, Stockholm, Frankfurt, Bucharest and Galway. The company has been slow to adapt to the video gaming industry's shift away from traditional console games, leading its stock to drop 37 per cent over the last 12 months.

Providence's interest in the company has brought particular excitement due to the potential for synergy between EA and Providence's portfolio company ZeniMax Media, a major developer for console and handheld games.