EA wants more of Ubisoft
 February 10th, 2005 (7:51pm) - Reuters is reporting that Electronic Arts (EA), the videogame industry’s largest third-party publisher, may be looking to add to its stake in Ubisoft. With a 19.77 percent stake in the French publisher, EA is already Ubisoft’s largest shareholder and has 20.88 percent of the publisher’s voting rights.
Last month, in a conference call, EA managers said that it wanted "keep all its options open regarding this investment in Ubisoft and could buy more Ubisoft shares, possibly a controlling stake". On Wednesday EA reiterated this statement, implying that they make in the planning stages of purchasing a larger stake in the company. Ubisoft has stated that it considers EA’s actions to be "hostile". However, since EA purchased shares in the company Ubisoft’s share prices have risen 80 percent. Reported by Elias Dounis on February 10th, 2005 (7:51pm) [From: Reuters.com]
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