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.
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