Amazon not expected to bid for Electronic Arts - CNBC

2 years ago 54

Amazon is not expected to marque an connection to get Electronic Arts, sources told CNBC's David Faber connected Friday.

EA shares jumped much than 4% successful aboriginal trading aft USA Today reported Amazon would denote Friday that it plans to bid for the video crippled publisher, which is known for deed titles including FIFA, Madden and Apex Legends.

Faber dismissed the study connected CNBC's Squawk Box. "There's thing going on," helium said, citing sources.

An Amazon spokesperson said the institution doesn't remark connected rumors oregon speculation. Representatives from EA didn't instantly respond to a petition for remark connected USA Today's report.

If Amazon were to prosecute EA successful earnest, it could assistance enactment up the retail behemoth's gaming presence. Amazon already owns Twitch, a streaming service fashionable among gamers, has launched its ain unreality gaming service, called Luna, and it offers gaming perks arsenic portion of its Prime loyalty program.

Amazon has been engaged connected the M&A front. Earlier this month, Amazon said it plans to get iRobot, champion known for its robotic vacuum Roomba, for $1.7 billion. The announcement came conscionable 2 weeks aft it said it would bargain boutique primary-care concatenation One Medical for $3.9 billion.

The gaming manufacture has experienced immoderate consolidation this year. In January, Microsoft said it would bargain Activision Blizzard successful a $68.7 cardinal deal. And successful May, Take-Two Interactive said it would get Zynga for $11 billion.

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