GamerNode: News - Microsoft denies rumors of plans to purchase EA

Microsoft denies rumors of plans to purchase EA

Category: Industry, Posted: 09/23/2009 at 09:36PM EDT by Mike Murphy, Staff Writer

EA won't be purchased by the big M according to Microsoft

Stocks for Electronic Arts and Microsoft rose today due to rumors that the latter company was interested in purchasing the former. However, Microsoft has shot down those rumors in a statement issued to Kotaku.

"Microsoft has no plans to purchase Electronic Arts," said the comment from Microsoft.

The now debunked rumors had EA's stock rise 8.1 percent to $20.01 and Microsoft's rise 1.1 percent to $26.05. It wouldn't be a surprise if the stocks drop back down tomorrow now that this "unsubstantial chatter" has been put to rest.

[Kotaku]