EA Stock Rises on Reports the Videogame Maker is Pursuing a Sale or Merger
2022.05.23 20:11
By Sam Boughedda
Investing.com — Shares of Electronic Arts Inc (NASDAQ:EA) jumped Monday after reports emerged that the videogame company is pursuing a sale or merger and has spoken to numerous interested parties.
According to the news website Puck, EA, the maker of games such as Madden, Battlefield and Fifa, is actively seeking a sale or merger with a larger company, with the company reportedly having already held talks with the likes of Disney (NYSE:DIS), Apple (NASDAQ:AAPL), and Amazon (NASDAQ:AMZN).
The videogame industry has experienced various transactions so far in 2022, including Take-Two’s (NASDAQ:TTWO) $12.7 billion acquisition of Zynga (NASDAQ:ZNGA), and Microsoft’s (NASDAQ:MSFT) almost $69 billion deal for Activision Blizzard (NASDAQ:ATVI).
Reports stated EA has already held discussions with NBCUniversal about a potential merger, but they could not reach a deal.
EA stock hit a high of $137.73 Monday. It has since retraced, now up 1.77% around the $133.08 mark.
