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Electronic Arts Inc (NASDAQ:EA) shares are trading higher Monday following reports the company is exploring a sale.
According to a Puck report, EA is actively looking for a buyer and has already held talks with several suitors including Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN) and Walt Disney Co (NYSE:DIS).
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EA is reportedly open to a complete buyout or a merger opportunity in which its CEO Andrew Wilson would remain at the helm of the combined company.
The gaming company reportedly approached Disney a couple months ago, attempting to further relations between the companies, but Disney decided to not move forward with talks. Talks with Apple are reportedly ongoing.
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John Reseburg, a spokesperson for EA told Puck the company would not comment on rumors and speculation relating to M&A activity.
"We are proud to be operating from a position of strength and growth, with a portfolio of amazing games, built around powerful IP, made by incredibly talented teams, and a network of more than half a billion players. We see a very bright future ahead," Reseburg said.
EA Price Action: Electronic Arts shares have traded between $109.24 and $148.93 over a 52-week period.
The stock was up 2.01% at $133.39 at time of publication, according to data from Benzinga Pro.
Photo: Stefans02 from Flickr.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.