Amazon not expected to bid for Electronic Arts, says CNBC

Technology
Friday, 26 Aug 2022
8:12 PM MYT

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FILE PHOTO: The Electronic Arts Inc., logo is displayed on a screen during a PlayStation 4 Pro launch event in New York City, U.S., September 7, 2016. REUTERS/Brendan McDermid/File Photo

(Reuters) -Amazon.com Inc is not expected to bid for Electronic Arts Inc, CNBC said on Friday, citing sources, quashing an earlier report that the online giant would make an offer today for the videogame publisher.

EA shares jumped 15% in premarket trading after the report from USA Today on Amazon's takeover offer for the "FIFA" and "Apex Legends" owner. The stock was up 4% in early trading, giving the company a market valuation of over $37 billion.

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Amazon not expected to bid for Electronic Arts, says CNBC