EA shares dip as a Microsoft spokesperson refutes Wall Street gossip
Microsoft has refuted Wall Street speculation that the global software giant is preparing to launch a takeover bid for publisher EA.
"We have no plans to acquire EA," a Microsoft spokesman said, as quoted in MarketWatch.
Shares in EA climbed 7 per cent to $19.36 on Wednesday as speculation over a possible takeover intensified. Shares in EA dipped 1 per cent in after-hour trading.