December 26, 2004
EA buys 19.9% of Ubisoft
"We have no control over what Ubisoft's management chooses to do with the company," said EA spokesman Jeff Brown.EA's stake would give it access to 18.4 % of the voting rights against 22.8 % held by Ubisoft's founders, the Guillemot family, Ubisoft said.
"Pending further information, we consider this operation as hostile," an Ubisoft spokesman told Reuters agency.
"We think this operation is aimed at securing the studios of Ubisoft that are ready to face the next generation of gaming consoles," he added.
bbc article Posted by brad at December 26, 2004 06:18 PM | TrackBack
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