EA increases stake in Ubisoft
Is a take-over bid on the way?
9 August 2007 8:53 GMT / By Stuart Miles
Electronic Arts has increased its stake in French Publisher Ubisoft fuelling a take-over bid might be imminent.
Although the American games publisher has held a 20% stake in the French company since 2005, it has just raised its stake to 25%, giving it a full quarter of voting rights and 15.37% of the company capital.
Electronic Arts now owns 6.99 million shares, representing 13.98 votes.
According to report by Thomson Financial, EA says it has no plans to seek to nominate board members, but could do so if the are any major changes in Ubisoft's situation.
Latest in Biz
Latest on Pocket-lint.com
-
AUDIO ACCESSORIES
Win A TomTom XL Live
-
HARDWARE
Apple's First Store In France Opens
-
SOFTWARE
Skype And Joltid Settle
PHONES
HTC HD2 mobile phone Does Windows Mobile finally make Sense?
PHONES
Best iPhone tariffs: O2 vs Orange Which contract is the right one for you?
HARDWARE
Dell Adamo XPS laptop - First Look Have corners been cut to get it this thin?
Comments