RUMOR: Disney may be looking to buy EA,
Asked if Disney’s focus would be on developing in-house games over buying more developers, [CFO Tom] Staggs responded, “I don’t want you to conclude that those are in the long term mutually exclusive.” He went on to say that a “strategic and attractive” purchase would be “a possibility” for the family entertainment giant.
Did he say Electronic Arts (Nasdaq: ERTS)? No. However, a combination of EA’s battered share price and Disney’s desire to ramp up its gaming presence dovetail nicely in the rumor mill.
Like many companies, EA has fallen onto some rough times. Maybe EA needs some of Disney’s magic.