Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Electronic Arts Surges, Then Slumps on Amazon Takeover Rumors

Published 08/26/2022, 08:30 PM
© Reuters.

By Investing.com Staff

Electronic Arts (NASDAQ:EA) is back in the rumor mill Friday, with shares surging more than 14% at one point in pre-open trading Friday on rumors Amazon (NASDAQ:AMZN) could be interested in a takeover of the video game maker. In the recent past rumors have put Comcast (NASDAQ:CMCSA) as the buyer.

Today, an obscure website named Good Luck Have Fun was out with the Amazon rumor.

Good Luck Have Fun said their sources told them that Amazon will announce today that it has put in a formal offer to acquire Electronic Arts.

The rumor seems iffy at best and CNBC is already batting down the rumors, saying their sources said Amazon is not expected to make a bid for EA.

EA has already given back much of those pre-open gains. Shares last traded up just 2.7%.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.