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Article: Electronic Arts up on French merger rumor
- Article from:
- AP Worldstream
- Article date:
- June 14, 2005
- Author:
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DWIGHT OESTRICHER
AP Worldstream
06-14-2005
Dateline: NEW YORK
Shares of Electronic Arts Inc. rose 8.4 percent in heavy trading as the stock caught up to the gains of other video-game makers, and rumors spread that it might be close to acquiring Ubisoft Entertainment SA of France.
From the end of April into June, as the video game makers reported earnings for the first three months of the year, the stocks of THQ Inc., Activision Inc., and Take-Two Interactive Software Inc. have made gains, noted Wedbush Morgan Securities analyst Michael Pachter.
Meanwhile, shares of Electronic Arts have stayed about the same, closing at $53.50 Friday from the $53.39 of April 29.
"I would say that what you are ...