Friday, September 25, 2009

Microsoft denies plans to buy Electronic Arts

CHIBA, Japan (Reuters) - Microsoft has no plans to buy Electronic Arts (EA), said an executive at software giant, rebutting unfounded rumors that motivated the actions of high-maker games in New York trading on Wednesday fair.

"We have no plans to acquire the EA," said corporate vice president of Microsoft Game Studios, Phil Spencer, in an interview with Reuters on Thursday.

"They remain a very important partner for us, but without acquisitions," he added.

Spencer declined to comment on whether there were talks with Electronic Arts for a possible purchase of the company by Microsoft.

Last year, Electronic Arts - producer of popular games such as football, "Madden" - tried unsuccessfully to buy control of rival Take-Two Interactive Software.

Electronic Arts, headquartered in Redwood City, Calif., has a market value of about $ 6.5 billion and is often cited by operators as a target for acquisition by Walt Disney and Time Warner.

(Reporting by Colin Parrott and Nathan Layne)