Amazon buying EA? 'There's nothing going on,' CNBC reporter says

Early reports say Amazon will purchase EA and make an announcement today, but CNBC sources shoot the rumor down and say 'there's nothing going on'

Published Aug 26, 2022 9:24 AM CDT   |   Updated Tue, Sep 20 2022 1:13 PM CDT
1 minute & 29 seconds read time

Sources have told USA Today's GL;HF outlet that Amazon will buy Electronic Arts, and the news will be announced today. CNBC's David Faber indicates this report may not be true.

Amazon buying EA? 'There's nothing going on,' CNBC reporter says 1 |

Today might be one for the record books. Reports from Swedish games out let GL;HF say Amazon is buying EA , the billion-dollar gaming powerhouse behind big franchises like Apex Legends, FIFA, and Madden. But other reporters like CNBC's David Faber have contested the rumors.

"I have talked to some people who would actually know if there's something going on and they say there's nothing going on," CNBC's David Faber said.

Faber goes on to corroborate claims that NBC Universal was thinking about buying Electronic Arts and spinning off the division into the games publisher. These reports were originally made by Puck earlier in the year.

"These are people who would be involved, who in fact were involved when our parent company was talking to Electronic Arts. That was real and was some time ago. It didn't advance after a while in part because our parent company, entertaining this idea of spinning of NBCU into EA having the EA gentlemen running the combined company, but wanted voting control."

When asked directly about the NBCU buyout rumors by analysts in a recent Q&A session, EA CEO Andrew Wilson said:

"First, I'm sure you don't expect me to comment on rumors and speculation from some small-read media outlets. But be that as it may, I would tell you I think we are in an incredible position. We're soon to be the largest stand-alone independent developer and publisher of interactive entertainment in the world."

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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