Electronic Arts surges 14% on report of sale to Amazon
Shares of Electronic Arts Inc.
EA,
soared 14% in premarket trading on Friday following reports that Amazon.com Inc.
AMZN,
is planning to announce a deal to buy the videogame maker. According to USA Today, which broke the news, rumors have been circling online about a potential acquisition for EA, with Amazon, Apple Inc.
AAPL,
and Walt Disney Co.
DIS,
among the potential suitors. A deal for EA would follow Microsoft Corporation’s
MSFT,
deal to buy Activison Blizzard
ATVI,
for $69 billion, another major deal in the video-game space. It also comes on the heels of Amazon’s deal to purchase Roomba-maker iRobot
IRBT,
Amazon may announce the deal later on Friday. The price of the deal has yet to be reported.
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