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EA pares gains after retraction of report on Amazon readying takeover bid

Electronic Arts Inc. found itself the subject of takeover speculation on Friday, sending its shares up as much as 16% in early trading before the report was walked back and other news outlets refuted

Electronic Arts, EA
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Electronic Arts, EA

Molly Schuetz and Jason Schreier | Bloomberg
Electronic Arts Inc. found itself the subject of takeover speculation on Friday, sending its shares up as much as 16% in early trading before the report was walked back and other news outlets refuted the possibility of an imminent deal.

A report published in USA Today by GLHF -- a gaming and esports site and content partner of USA Today’s For the Win column --  said Amazon.com Inc. could announce as soon as Friday an offer to acquire EA, the publisher of hit games Apex Legends, FIFA and Madden titles. The news sent EA’s shares surging early Friday morning before

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First Published: Aug 26 2022 | 11:38 PM IST

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