EA gets a taste for Ubisoft stock

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EA gets a taste for Ubisoft stock

Unread postby Angelspit » 26 Jan 2005, 10:42

Electronic Arts likes to keep us on our toes - in a turnaround that would inspire any politician, EA stated in a quarterly conference call that "it wanted to keep all its options open regarding this investment and could buy more Ubisoft shares, possibly a controlling stake" although EA's finance Director Warren Jenson said that "If something happens, we expect it to be with the full cooperation of Ubisoft."

EA are now the largest shareholder in Ubisoft, owning a 19.9% stake, compared to the 17.5% owned by the founders, the Guillemot brothers.

Read more on Reuters.

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