Electronic Arts (EA -1.5%) slips after S&P downgrades to Sell and throws cold water on...
Monday, August 20, 2012, 3:58 PM ETElectronic Arts (EA -1.5%) slips after S&P downgrades to Sell and throws cold water on recent rumors of buyout talks with P-E firms. The firm sees EA as an unlikely M&A candidate due to its unpredictable earnings (dependent on hit games), a declining console gaming market, and the potential for EA to pull the plug on Star Wars: The Old Republic due to declining subscribers and high costs.
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