EA stock climbs thanks to Microsoft buyout rumors

By Stephany Nunneley, Wednesday, 23 September 2009 20:11 GMT


Thanks to “unsubstantiated” rumors of a Microsoft takeover, stock in EA has climbed 5.24 percent to $19.36.

This rumor has been good for MS as well, as stock in the Seattle corporation has increased by 0.9 percent to $26.

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

A London-based trader told Reuters that similar talk has made the rounds in Europe.

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