UPDATE: Microsoft has stepped up to clear the air on this rumor. Joystiq reports that the company issued a simple, matter-of-fact statement on the matter: "Microsoft has no plans to purchase Electronic Arts." Move along... nothing to see here.
Electronic Arts saw a huge jump on Wall Street today, going up 8.9% to 20.17 a share. The boost comes from rumors that Microsoft is interested in purchasing the game publishing juggernaut. It seems, though, that the rumors are just that, with industry analysts coming out of the woodwork to deny the possibility of the deal.
Speaking with the Wall Street Journal, Janco Partners analyst Mike Hickey said the following: "Speculation Microsoft would acquire Electronic Arts is ridiculous, just ridiculous."
If the deal somehow does manage to occur, it would mirror the recent acquisition of Marvel by Disney, with a leading player in a given field seeking the financial security of a mega corporation. "Madden" exclusive on 360? The mind boggles...