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.
More through the link.