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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Amazon Not Expected to Bid for Electronic Arts, Says CNBC

Amazon EA SPORTS CNBC Electronic Arts Inc USA Today
EA (Eletronic Arts) Sports logo is seen in this illustration, August 10, 2022. (Reuters)

Amazon.com Inc is not expected to bid for Electronic Arts Inc, CNBC said on Friday, citing sources, quashing an earlier report that the online giant would make an offer today for the videogame publisher.

EA shares jumped 15% in premarket trading after the report from USA Today on Amazon's takeover offer for the "FIFA" and "Apex Legends" owner. The stock was up 4% in early trading, giving the company a market valuation of over $37 billion.

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