Electronic Arts to Develop Games For Microsoft's Xbox - TheStreet

Microsoft

(MSFT) - Get Report

said Wednesday that

Electronic Arts

(ERTS)

has agreed to develop games for Microsoft's upcoming Xbox video game console.

Financial details of the deal were not disclosed. The software behemoth said Redwood City, Calif.-based Electronic Arts will develop about 10 titles in support of Xbox's fall 2001 launch. Electronic Arts has ordered 500 Xbox development kits from Microsoft, which has a $500 million budget for Xbox.

Microsoft also said it has signed on more than 200 game companies to develop and publish content for Xbox, which the company said has at least three times the graphics performance of the newest generation of game consoles.

Shares of Microsoft were lately down 31 cents, or 0.54%, to $58, while Electronic Arts shares were up $1.31, or 3.15%, to $42.95, in trading on the

Nasdaq

.