Electronic Arts (EA.US), a well-known video game company, is rallying around 15% in US pre-market trading today. Jump was triggered by media reports saying that Amazon (AMZN.US) is expected to announce a formal offer to acquire EA today. Rumors about potential EA takeover have been making rounds for weeks but it was uncertain who the acquirer might be. Apple, Disney and Amazon were named among potential buyers and it looks like the e-commerce giant will ultimately be the one making a move. EA shareholders should therefore keep on guard during a session today as formal announcements will likely include proposed financial terms and we are yet to see whether those will be promising or disappointing. If the deals go through, it would be another major M&A in the gaming sector, following the acquisition of Activision Blizzard by Microsoft earlier this year.
Shares of Electronic Arts (EA.US) are trading around 15% in US premarket trade at press time. Jump is triggered by rumors saying that Amazon may announce today a formal offer to acquire a video game company. Such a big jump would put the stock back in the area of 2021 highs. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
