Electronic Arts shares rally 14% in premarket on reported Amazon takeover plan


Shares of Electronic Arts Inc. EA, +1.59% soared 14% in premarket trading on Friday following reports that Amazon.com Inc. AMZN, +2.60% is planning to announce a deal to buy the videogame maker. According to USA Today, which broke the news, rumors have been circling online about a potential acquisition for EA, with Amazon, Apple Inc. AAPL, +1.49% and Walt Disney Co. DIS, +0.90% among the potential suitors. A deal for EA would follow Microsoft Corporation’s MSFT, +1.11% deal to buy Activison Blizzard ATVI, -0.26% for $69 billion, another major deal in the video-game space. It also comes on the heels of Amazon’s deal to purchase Roomba-maker iRobot IRBT, -0.19%. Amazon may announce the deal later on Friday. The price of the deal has yet to be reported.

This article was originally published by Marketwatch.com. Read the original article here.

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