Thursday, 24 September 2009

Stocks Rise In EA And Microsoft After Buyout Rumours

EA and Microsoft's stock did a bit of moving about yesterday as rumours floated about of a takeover bid by Microsoft. EA stocks rose by 5.24& to $19.36 and Microsoft saw an increase of 0.9% to $26. Frederic Ruffy, options strategist at commented:
“There’s talk that Microsoft might be interested in acquiring Electronic Arts. It’s unsubstantiated chatter, but it’s out there.”
Interesting stuff. Would have incredible knock on effects on the games industry if that happened.

Source: Reuters

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