Amazon not expected to bid for Electronic Arts
Summary
Amazon is not expected to make an offer to acquire Electronic Arts, sources told CNBCs David Faber on Friday. EA shares jumped more than 4% in early trading after USA Today reported Amazon would announce Friday that it plans to bid for the video game publisher, which is known for hit titles including FIFA, Madden and Apex Legends. Representatives from EA didnt immediately respond to a request for comment on USA Todays report. If Amazon were to pursue EA in earnest, it could help shore up the retail behemoths gaming presence. Earlier this month, Amazon said it plans to acquire iRobot, best known for its robotic vacuum Roomba, for $1.7 billion.
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