EA Completes Purchase of Ubisoft Shares
Date: Thursday, February 03 @ 09:49:16 UTC Topic: Off Topic
Electronic Arts announced today that it has completed its previously announced purchase of shares of Ubisoft Entertainment. The investment represents approximately 20 percent interest in the company.
Back in December, Ubisoft said it will consider EA's investment as hostile until it got more information from EA. Although the French government worked actively to encourage Vivendi Universal, France's largest media group, to invest in Ubisoft in the event of a hostile bid, VU denied it was interested in acquire shares of Ubisoft.
We'll have more on Electronic Arts' moves as they develop.
News-Source: http://news.teamxbox.com
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