UPDATE: Electronic Arts (EA) Off Highs As PE Rumors Questioned
Tweet Send to a Friend
(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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Tesoro Corporation (TSO) May Take Ownership of BP Carson in Early June - Reuters
- NetApp (NTAP) Spikes; Bloomberg Says Co. Target of Activist Elliott Management
- Will Erickson Air-Crane (EAC) Stock Crash and Burn?
Create E-mail Alert Related Categories
Rumors, Trader TalkRelated Entities
David Faber
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
