USA Today’s sources reported on Amazon’s plans to buy Electronic Arts. CNBC’s source denied it



The world's largest e-commerce company Amazon intends to buy video game publisher Electronic Arts, sources told the newspaper USA Today. However, the source of the publication CNBC denied this information.

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USA Today’s sources reported on Amazon’s plans to buy Electronic Arts. CNBC’s source denied it

According to the sources, Amazon is expected to announce its offer to EA on August 26. According to the author of USA Today this deal would allow Amazon to use the game franchises of the publisher as a setting for their shows. After the success of film adaptations of The Witcher and the animated series Arcane: League of Legends on Netflix, it is likely that Amazon will try to achieve a similar result with Mass Effect, Dragon Age and Dead Space.

In May this year, the publication Puck wrote that EA was in talks about the sale or merger with Disney, Apple, Amazon and Comcast-NBCUniversal. The publication's interlocutor said that the latter company is the most advanced in the dialogue with the publisher, Comcast proposed to separate NBCUniversal and merge it with EA. However, these negotiations have reached an impasse.

After the announcement of Amazon's intention to buy EA, the publisher's stock rose 14%.

EA employs about 12,900 people worldwide. The publisher includes dozens of game development studios. The company owns franchises Sims, Need for Speed, Battlefield, Dead Space, FIFA, Crysis and many others.

The announcement of the acquisition of EA came on the back of other major purchases over the past year. On the 10th of January publisher Take-Two announced its purchase of online game developer Zynga for $12.7 billion. On the 23rd of May the company announced that it had successfully completed the purchase.

On Jan. 18, Microsoft announced its intention to buy publisher Activision Blizzard for $68.7 billion. The deal was scheduled to be completed in 2023.

On January 31, Sony announced the purchase of Bungie studio for $3.6 billion. On July 15, the Japanese company announced the successful closing of the deal.

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Withholding Tax General Accepted Accounting Standards Letter Of Intent Scarcity Year-to-date Long-Term Liabilities Non-Disclosure Agreement Chief Operating Officer Return on Investment Chief Marketing Officer Chief Financial Officer Asset Protection Trust Chief Security Officer Certified Financial Planner Electronic Funds Transfer Limited Liability Company Close of Business Company Finance Cash Flow Automated Teller Machine Return on Equity stagnation Certified Management Accountant Non-Profit Organization Certified Financial Manager Chief Technology Officer Profit and Loss Profit and Loss Statement Gross Margin