EA Buys Ubisoft Stake
Electronic Arts today announced that it has purchased a 20% stake in French game company Ubisoft, for an unannounced amount of money. The purchase is subject to anti-trust clearance from the U.S. government. It seems unlikely that EA will stop at owning 19.9 percent though, so expect to see a full takeover before too long. Ubisoft is responsible for games like Prince of Persia: Warrior Within and the Splinter Cell series.
update: According to this report the buyout is considered hostile. Thanks CA Flynn. Meanwhile, HomeLAN Fed has some comments from Electronic Arts vice president of corporate communications, Jeff Brown.
update: According to this report the buyout is considered hostile. Thanks CA Flynn. Meanwhile, HomeLAN Fed has some comments from Electronic Arts vice president of corporate communications, Jeff Brown.
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