EA CEO: Buying Harmonix is ‘catching a falling knife’

The boss of Electronic Arts has popped inflated rumours that the firm wants to buy for-sale developer Harmonix.

John Riccitiello said buying Viacom’s Rock Band developer would be like catching a falling knife”.

There is going to be a time when perception catches up with the facts,” he said.

I’m sure some smart investor will buy the business feeling that they can catch a falling knife. But more people have been cut trying to catch falling knives than have benefited from getting the timing exactly right.”

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