Electronic Arts (EA) Stock: Why The Price Gained 2.3% Today

By Amit Chowdhry ● May 23, 2022
  • The stock price of Electronic Arts Inc. (NASDAQ: EA) increased by 2.3% today. This is why.

The stock price of Electronic Arts Inc. (NASDAQ: EA) increased by 2.3% today. Investors are responding positively to reports that EA could be looking for a buyer or another company to merge with.

It is rumored that EA has held talks with Disney, Apple, and Amazon. And it is believed that EA is looking for a deal in which Andrew Wilson would remain CEO of EA or a combined company.

EA’s discussions with Disney reportedly were for going beyond licensing deals. Or there was another idea to have EA combined with ESPN, which is partially owned by Disney.

Comcast CEO Brian Roberts had reportedly floated an idea to merge NBCUniversal with EA. And under that deal, Comcast would have majority control of the merged company with Wilson remaining as CEO. But those talks is believed to have fallen through due to disagreements about the sale amount and the structure.

Some of the recent blockbuster M&A deals in the gaming industry include Microsoft’s deal to buy Activision Blizzard for $68.7 billion and Sony buying Bungie for $3.6 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.