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Electronic Arts jumps on takeover talk--traders
September 23, 2009 / 2:35 PM / 8 years ago

Electronic Arts jumps on takeover talk--traders

NEW YORK, Sept 23 (Reuters) - Shares of Electronic Arts Inc ERTS.O jumped more than 4 percent to $19.36 on Wednesday on unsubstantiated talk that Microsoft Corp (MSFT.O) might be interested in buying the video game publisher, traders said.

“There’s talk that Microsoft might be interested in acquiring Electronic Arts. It’s unsubstantiated chatter, but it’s out there,” said Frederic Ruffy, options strategist at WhatsTrading.com in New York.

A London-based trader also cited similar talk as making rounds in Europe. Microsoft shares were up 0.9 percent at $26 on Nasdaq. (Reporting by Ellis Mnyandu; Editing by Theodore d‘Afflisio)

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