UPDATE: Electronic Arts (EA) Off Highs As PE Rumors Questioned

August 16, 2012 12:08 PM EDT
(Updated - August 16, 2012 12:10 PM EDT)

Electronic Arts Inc. (Nasdaq: EA) is moving off earlier rumor-driven highs on a tweet from CNBC's David Faber suggesting private equity takeover rumors from the New York Post may not be all that they are cracked up to be.

Faber states: "Sources tell me Providence has not spoken with $EA and has no interest in buying company."

Shares of EA are up 5.5 percent after trading up 10 percent earlier.

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