Amazon EA acquisition rumors cause confusion
The video games industry media went into a tailspin today, August 26, after a report from USA Today claimed that Amazon was planning a bid to buy publishing giant EA. Now conflicting reports have surfaced from CNBC saying there are no takeover plans.
The USA Today report came from Swedish news agency Good Luck Have Fun, which claimed its sources knew of an upcoming formal offer by Amazon to acquire publisher FIFA 23 and Star Wars: Jedi Fallen Order.
Not long after, however, CNBC host David Faber said on-air (below) that there were currently no plans by Amazon to acquire EA. “I spoke to some people who would actually know if something is going on and they say that nothing is going on,” said Faber. “These are people who would be involved.”
According to sources from CNBC, Amazon will not make an offer for Electronic Arts @David Faber. shares of $EA had previously appeared in a report citing a “rumor”. pic.twitter.com/k7wk0Fy7xv
— CNBC Now (@CNBCnow) August 26, 2022
EA shares were up 15% in premarket trading according to the USA Today report, but have since fallen and are up about 6% at the time of writing.
EA has been the focus of several takeover rumors over the past few months as the video game industry at large has seen them become commonplace. EA CEO Andrew Wilson said in early August that the company was open to the possibility of an acquisition, but also that EA couldn’t be “in a stronger position as a standalone company.”
Amazon has told IGN it is not commenting on speculation, while EA has yet to respond to our request for comment.
Ryan Dinsdale is an IGN freelancer. He’ll be talking about The Witcher all day.
https://www.ign.com/articles/amazon-ea-acquisition-rumors Amazon EA acquisition rumors cause confusion
