image of this article category

Amazon is reportedly planning to acquire Electronic Arts

29.08.2022 09:41 AM
Latest
Amazon is reportedly planning to acquire Electronic Arts
dooklik website logo
Earlier reports revealed that Amazon was planning to acquire the video game company Electronic Arts.
share
share this article on facebook
share this article on twitter
share this article on whatsapp
share this article on facebook messenger
Amazon is reportedly planning to acquire Electronic Arts

Earlier reports revealed that Amazon was planning to acquire the video game company Electronic Arts.

 

 Earlier, a report from USA Today claimed that the e-tailer giant has been hired to bid for the company that owns titles such as Apex Legends, FIFA and Madden, however, this may not be the case, with a more recent report from CNBC indicating that Amazon has no such plans and it has just been rumored.

 

Meanwhile, this news helped EA's stock grow nearly 4% giving the company a market valuation of more than $37 billion, Reuters notes. EA comment on this position. The report states that the company has been busy with acquisitions this year, and recently, Amazon announced its plans to acquire iRobot, a company known for its robotic vacuum cleaners - Roomba, for $1.7 billion.

 

Earlier, the tech giant revealed that it will buy boutique primary care chain One Medical for $3.9 billion, the report notes. How the acquisition of EA can help Amazon According to the report, even if Amazon plans to acquire EA, it can help the electronic designer increase his presence in the gaming world, as the tech giant already owns Twitch, a popular game streaming service, and has also launched a cloud gaming service named - Luna, apart from this Amazon also offers gaming privileges as part of its Prime loyalty program, the report notes. The gaming industry has seen several mergers and acquisitions this year. Microsoft announced its plans to buy Activision Blizzard in a $68.7 billion deal in January, and Take-Two Interactive recently said it would acquire Zynga for $11 billion.

 

Related Articles
doolik website logo
Amazon.com has announced a dog-like home robot called Astro, and an agreement with Walt Disney Company to integrate its voice-control technology into resort hotels, as Amazon seeks to make its Alexa virtual assistant. It takes up more space in consumers' lives.

doolik website logo
Roblox announced that it plans to launch 3D ads on its platform next year, as it strives to diversify its revenue sources beyond in-game purchases, according to a Reuters report.

doolik website logo
The user may have to get rid of some electronic devices because they no longer function properly or are no longer safe enough due to the lack of appropriate updates for them, despite the fact that their components and method of operation are intact.

Live Video Streaming
Live video streaming lets you engage with your audience in real time with a video feed. Broadcast your daily show to your audience with no limits, no buffering and high quality videos. Reach all devices anytime anywhere with different video qualities that suits any device and any connection.
$1,120/YE*
The website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.
ACCEPT