News: EA Control More Ubisoft Shares

Its revealed Electronic Arts now owns 25 percent of Ubisoft's voting rights. Details inside.

Financial news site Forbes is now reporting that third-party behemoth Electronic Arts have bought yet more shares in the French developer. EA initially raised eyebrows in 2004 by purchasing 19.9 percent of Ubisoft shares, valued at $100 million and giving the giant the second highest stake in the company, behind the Guillemot family founders. Ubisoft have since commented that the company would resist any hostile action leading to take-over.

It is unclear if this new acquisition, which brings EA's stake in the company to 25 percent, now exceeds the amount held by the Guillemot family, who have until now kept an majority stake in the company.

We're waiting for an official statement on this from one of the companies. More as it breaks.

Update: It now appears that EA have not bought more shares, but just gained the larger amount of share voting power due to having held their shares for two years - which, under a special Ubisoft charter, allows their share power to double. This now does give EA the largest amount of voting power within the company, although only temporarily, as the Guillemot family has since bought back more shares, though theirs will not double in power under the two year rule for a few months yet.


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