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Microsoft Planning Electronic Arts Acquisition? |
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Posted on Wednesday, September 23 at 3:19 PM GMT -6
Reuters is reporting about "unsubstantiated chatter" suggesting that Microsoft may be in acquisition talks with Electronic Arts.
Shares of Electronic Arts Inc (ERTS.O) jumped more than 4 percent to $19.36 on Wednesday on unsubstantiated talk that Microsoft Corp (MSFT.O) might be interested in buying the video game publisher, traders said.
"There's talk that Microsoft might be interested in acquiring Electronic Arts. It's unsubstantiated chatter, but it's out there," said Frederic Ruffy, options strategist at WhatsTrading.com in New York.
A London-based trader also cited similar talk as making rounds in Europe. Microsoft shares were up 0.9 percent at $26 on Nasdaq. So how would you feel about Microsoft owning one of the largest game publishers in the world and all the studios beneath them (including BioWare)?
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