Peter Kafka

Recent Posts by Peter Kafka

Nondeal of the Day: Microsoft Says It’s Not Buying Electronic Arts

madden_101There’s going to be a lot of buying and selling in the coming months, but here’s one deal that’s not happening: Contrary to market-moving rumors, according to Reuters, Microsoft (MSFT) isn’t buying videogame giant Electronic Arts (ERTS):

“‘We have no plans to acquire EA,’ Phil Spencer, corporate vice president of Microsoft Game Studios, told Reuters in an interview on Thursday. ‘They remain a very important partner to us. No acquisitions.’ Spencer declined to comment on whether it had held talks with Electronics Arts on such a move.”

Anybody else want to take a run at the company? After a seven percent jump yesterday, the company behind the Madden franchise, among others (it also has a piece of the Rock Band business), sports a $6.4 billion market cap.

Meanwhile, both Google (GOOG) and Yahoo (YHOO) have announced that they’re in the market for relatively bit-sized deals.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik