EA invests heavily on Ubisoft

By on December 21, 2004, 1:54 AM
On a move that some people say is how the videogame giant plans to become the "Microsoft of gaming", EA today announced they would take over a large portion of Ubisoft stocks.

Electronic Arts today announced an investment in international game developer and publisher UbiSoft Entertainment, headquartered in Rennes, France. The investment represents approximately 19.9 percent interest in the company shares purchased as a block from Talpa Beheer B.V. to be completed upon obtaining antitrust clearance from the U.S. government. Financial terms were not disclosed.

Surprisingly however, UbiSoft responded not too later with the following:

"Pending further information, we consider this operation as hostle," an Ubi Soft spokesman told Reuters.

"We think this operation is aimed at securing the studios of Ubi Soft that are ready to face the next generation of gaming consoles," he added.

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