Electronic Arts (ERTS) Up Big on Takeover Rumors

Electronic Arts (NASDAQ: ERTS) is up about 8% to $20.00/share today on rumors that Microsoft (NASDAQ: MSFT) might acquire them.

There is no comment or confirmation from Microsoft or Electronic Arts at this point, but rumors have spread quickly. The stock has gradually moved higher throughout the day.

Volume is close to 25M, which is about 3x normal.