Peter Kafka

Recent Posts by Peter Kafka

Nondeal of the Day: Microsoft Says It’s Not Buying Electronic Arts

madden_101There’s going to be a lot of buying and selling in the coming months, but here’s one deal that’s not happening: Contrary to market-moving rumors, according to Reuters, Microsoft (MSFT) isn’t buying videogame giant Electronic Arts (ERTS):

“‘We have no plans to acquire EA,’ Phil Spencer, corporate vice president of Microsoft Game Studios, told Reuters in an interview on Thursday. ‘They remain a very important partner to us. No acquisitions.’ Spencer declined to comment on whether it had held talks with Electronics Arts on such a move.”

Anybody else want to take a run at the company? After a seven percent jump yesterday, the company behind the Madden franchise, among others (it also has a piece of the Rock Band business), sports a $6.4 billion market cap.

Meanwhile, both Google (GOOG) and Yahoo (YHOO) have announced that they’re in the market for relatively bit-sized deals.