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EA Stock Rises on Reports the Videogame Maker is Pursuing a Sale or Merger


By Sam Boughedda

Investing.com — Shares of Electronic Arts Inc (NASDAQ:) 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:), Apple (NASDAQ:), and Amazon (NASDAQ:).

The videogame industry has experienced various transactions so far in 2022, including Take-Two’s (NASDAQ:) $12.7 billion acquisition of Zynga (NASDAQ:), and Microsoft’s (NASDAQ:) almost $69 billion deal for Activision Blizzard (NASDAQ:).

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.



Read More : EA Stock Rises on Reports the Videogame Maker is Pursuing a Sale or Merger

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