Well, yes. Word on Wall Street is that game giant EA is close to acquiring Ubisoft Entertainment SA of France.
Shares of Electronic Arts rose $4.50 on Monday to close at $58 on volume of 11.4 million. Thats more than twice the daily average volume of 5.5 million on the Nasdaq Stock Market.
According to the Associated Press, EA, which already has a 20% stake in Ubisoft, might buy the rest of the company. Ubisoft Chief Executive Yves Guillemot was quoted in The Wall Street Journal last month saying that his company was open to being acquired by a traditional media company. He added that he was specifically opposed to Electronic Arts getting a stake in the Ubisoft because it wouldnt be a good combination.
An Electronic Arts spokeswoman says the company doesn’t comment on the stock price or rumors about the company.