A look at the Wall Street rumor mill - Unfiltered. Most of the rumors posted on this blog will never, ever, ever come true. Many are BS. Even more are wishful thinking. YOU SHOULD NEVER BUY A STOCK ON A RUMOR - NEVER! GOT IT? NOW ENJOY.
Monday, April 09, 2007
The9 Ltd. (NCTY) Higher on Reports of Electronic Arts (ERTS) Stake
According to reports from Reuters, citing Shanghai Securities News, Electronic Arts (Nasdaq: ERTS) is in a deal to acquire 19% of The9 Ltd. (Nasdaq: NCTY) for about $200 million.
A follow-up report quoted Electronic Arts as saying they have no such plans.