EA Stock Rises on Reports the Videogame Maker is Pursuing a Sale or Merger

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EA Stock Rises on Reports the Videogame Maker is Pursuing a Sale or Merger
Credit: © Reuters.

By Sam Boughedda

Investing.com -- Shares of Electronic Arts Inc (NASDAQ: EA ) jumped Monday after reports emerged that the videogame company is pursuing a sale or merger and has spoken to numerous interested parties.

According to the news website Puck, EA, the maker of games such as Madden, Battlefield and Fifa, is actively seeking a sale or merger with a larger company, with the company reportedly having already held talks with the likes of Disney (NYSE: DIS ), Apple (NASDAQ: AAPL ), and Amazon (NASDAQ: AMZN ).

The videogame industry has experienced various transactions so far in 2022, including Take-Two's (NASDAQ: TTWO ) $12.7 billion acquisition of Zynga (NASDAQ: ZNGA ), and Microsoft's (NASDAQ: MSFT ) almost $69 billion deal for Activision Blizzard (NASDAQ: ATVI ).

Reports stated EA has already held discussions with NBCUniversal about a potential merger, but they could not reach a deal.

EA stock hit a high of $137.73 Monday. It has since retraced, now up 1.77% around the $133.08 mark.

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