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