Responding to recent speculation, Viacom boss Sumner Redstone states that he has no intention of targeting EA for a takeover.
According to a recent Reuters report, Viacom chairman and chief executive Sumner Redstone has gone on the record to say that Electronic Arts would be too expensive for Viacom to consider making a takeover bid. Redstone, who owns a controlling stake in Midway Games, was responding to recent speculation that EA--potentially valued at over $20 billion--would make a good acquisition for a media conglomerate such as Viacom.