News: EA Buys 19.9% of Ubisoft
Posted 20 Dec 2004 at 17:44 by Ashley Jones
Electronic Arts have bought shares in yet another company, this time it is Ubisoft, who they have bough 19.9 percent of.
Electronic Arts have announced that they have purchased 19.9 percent of Ubisoft. The rather short press release is below.
REDWOOD CITY, Calif., Dec 20, 2004 (BUSINESS WIRE) -- Electronic Arts (Nasdaq:ERTS) 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.