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Clover Health stock drops after mixed earnings, announcement of impending CEO change

Electronic Arts surges 14% on report of sale to Amazon

Chrys Hendricks by Chrys Hendricks
August 26, 2022
in Business
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Shares of Electronic Arts Inc.
EA,
+1.59%

soared 14% in premarket trading on Friday following reports that Amazon.com Inc.
AMZN,
+2.60%

is planning to announce a deal to buy the videogame maker. According to USA Today, which broke the news, rumors have been circling online about a potential acquisition for EA, with Amazon, Apple Inc.
AAPL,
+1.49%

and Walt Disney Co.
DIS,
+0.90%

among the potential suitors. A deal for EA would follow Microsoft Corporation’s
MSFT,
+1.11%

deal to buy Activison Blizzard
ATVI,
-0.26%

for $69 billion, another major deal in the video-game space. It also comes on the heels of Amazon’s deal to purchase Roomba-maker iRobot
IRBT,
-0.19%
.
Amazon may announce the deal later on Friday. The price of the deal has yet to be reported.

Chrys Hendricks

Chrys Hendricks

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