Apple's shares are almost double that of EA's, so they do have the nuts to pull it off, but I highly doubt EA shareholders would allow it. They'd drive the price of EA's stock so high, Apple wouldn't have much left in the coffers to do anything else, like actually make games let alone maintain their day to day business in other areas.
Edit: Oops! I didn't realize this story was written in May. I saw it in the "Related Content" area at the bottom after I read Apple dissed the PSP and DS.