Thursday September 24, 12:37 PM
STOCKS NEWS US-Microsoft executive says co won't bid for EA
Stocks on the move
Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
0717 ET 24Sept2009-Microsoft (NASDAQ: MSFT - news) executive says co won't bid for EA
------------------------------------------------------------------------------
Microsoft Corp has no plans to acquire Electronic Arts (NASDAQ: ERTS - news) , a
Microsoft executive said, shooting down unsubstantiated talk of a potential bid
that triggered a spike in the video game publisher's shares.
'They remain a very important partner to us. No acquisitions,' Phil
Spencer, corporate vice president of Microsoft Game Studios, told Reuters in an
interview on Thursday.
Spencer declined to comment on whether it had held talks with Electronics
Arts on such a move.
For details, see
Shares of Electronic Arts fell 3.7 percent to $19.10 in premarket trading
on light volume, while Dow component Microsoft closed at $25.71.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
