CNBC sources say Amazon has no plans to buy EA
Update #2 [Fri 26th Aug, 2022 19:00 BST]: FTW has now updated its original story, stating that GLHF – a content partner of FTW – cited “anonymous and unverified sources” in reporting this rumor.
Here is the editorial statement in full:
“Earlier today, GLHF – a gaming/esports outlet and content partner of For The Win – published a version of this story on our website which violated our editorial standards regarding the use of anonymous sources. and unverified. We have updated this story to remove any mention of these sources.”
Following that and CNBC’s comments earlier today, it looks like it’s business as usual then, and Amazon isn’t making an offer to buy EA at this time.
You can read the edited article and statement on USA Today.
Update: In what might be one of the quickest responses we’ve seen in some time, Bloomberg Terminal said Amazon would not make an offer to buy Electronic Arts, CNBC sources say.
CNBC discussed the potential supply on Market Alert today. You can watch the clip below.
Original post: It feels like we don’t go a single week without hearing about several video game studio acquisitions, and today we just might hear about a pretty big one.
For The Win (FTW) reports that Amazon will today announce its intention to acquire Electronic Arts (EA). EA has been a big name in the industry for years, releasing games like Apex Legends, Mass Effect, Battlefield, and several sports titles to name a few. The company also has its own online distribution platform in Origin and owns several major studios such as BioWare, DICE, and Respawn Entertainment.
Amazon hasn’t been shy about jumping into the gaming market either, and it’s responsible for releasing new World and Lost Ark – two PC MMORPGs. You can also get free games through Amazon Prime, and the company also has its cloud-based gaming platform – Luna.
FTW has contacted Electronic Arts and Amazon for comment. We’ll update this article as more news comes to light.