Amazon.com, Inc. (NasdaqGS:AMZN) is not expected to make an offer to acquire Electronic Arts Inc. (NasdaqGS:EA), sources told CNBC's David Faber on August 26, 2022. EA shares closed up 3.5% on Friday after USA Today reported Amazon would announce August 26, 2022 that it plans to bid for the video game publisher, which is known for hit titles including FIFA, Madden and Apex Legends. Faber dismissed the report on CNBC's Squawk Box.

“There's nothing going on,” he said, citing sources. An Amazon spokesperson said the company doesn't comment on rumors or speculation. An EA spokesperson declined to comment.