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  Sega Surges After Report of a Possible Microsoft Bid
Time: 04:08 EST/09:08 GMT | News Source: Bloomberg | Posted By: Anthony Darr

Shares of Sega Corp., Japan's third-largest maker of video games, surged 16 percent to their biggest gain in two years after the Asian Wall Street Journal said Microsoft Corp. and Electronic Arts Inc. may make separate bids for the Tokyo-based company.

Any bid either from Microsoft, the world's largest software maker, or Electronic Arts, the largest video-game developer in the U.S., would have to counter Sega's plan to merge with Sammy Corp. in a transaction worth at least $1.1 billion.

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