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Home»Tech News»Is Amazon about to acquire EA? Nobody seems to know for certain
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Is Amazon about to acquire EA? Nobody seems to know for certain

August 29, 2022No Comments3 Mins Read
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Is Amazon about to acquire EA? Nobody seems to know for certain
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Rumor mill: The web was rife with rumors earlier in the present day claiming Amazon is about to buy EA. It despatched Digital Arts’ inventory value hovering, however the allegations have since been disputed by CNBC’s inventory market staff. Nevertheless, some consider Amazon will make an announcement, simply not in the present day.

Rumors that EA is looking for a purchaser have been circulating on and off for a decade now. Lengthy earlier than it paid $7.5 billion for ZeniMax and $68.7 billion for Activision Blizzard, Microsoft was put ahead as a possible purchaser. There have been additionally claims that Sony would reply to the latter acquisition by buying EA, however it will definitely selected Bungie for $3.6 billion.

USA As we speak was one of many first to report Amazon’s alleged imminent buy of EA, citing GLHF, a Swedish online game business web site, as a supply. What’s attention-grabbing is that we beforehand heard EA was making an attempt to promote itself to a streaming large and had already been in talks with Amazon, Apple, and Disney.

However CNBC’s David Faber says that Amazon is not buying EA—not in the present day, at the very least. “No, this isn’t going to occur in the present day. Except the individuals who have been concerned [in acquisition talks] beforehand do not know.”

Amazon isn’t going to make a bid for Digital Arts, sources inform CNBC’s @DavidFaber. Shares of $EA surged earlier on a report citing a “rumor.” pic.twitter.com/k7wk0Fy7xv

— CNBC Now (@CNBCnow) August 26, 2022

Rumors that it was about to be acquired noticed EA’s share value bounce round 15%. It is falling barely on the time of writing however stays at $133, up from a excessive of $127 yesterday.

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Given the consolidation of so many large builders and publishers inside the video video games business during the last 12 months and the way in which EA has looked for consumers for thus lengthy, it is comprehensible how the rumors have been so readily believed.

GLHF, a Swedish media firm that publishes on USA As we speak, reported this morning that Amazon is about to purchase EA and can announce the information in the present day.

CNBC anchor David Faber scoffed on the report on reside TV, mocking GLHF and calling the story false.

Fairly a Friday to this point!

— Jason Schreier (@jasonschreier) August 26, 2022

Neither Amazon nor EA has commented on the studies. If the acquisition does happen, count on the worth to be up there with a number of the greatest in current occasions—Digital Arts has a internet price of round $36 billion.

In associated information, final week noticed Embracer Group, which already owns THQ Nordic, Gearbox Interactive, Sq. Enix Montréal, and lots of extra, introduced extra acquisitions from inside the gaming business, together with Restricted Run Video games and Tripwire Interactive.



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