EA Buys Ubisoft Stake
Electronic Arts today announced that it has purchased a 20% stake in French game company Ubisoft, for an unannounced amount of money. The purchase is subject to anti-trust clearance from the U.S. government. It seems unlikely that EA will stop at owning 19.9 percent though, so expect to see a full takeover before too long. Ubisoft is responsible for games like Prince of Persia: Warrior Within and the Splinter Cell series. update: According to this report the buyout is considered hostile. Thanks CA Flynn. Meanwhile, HomeLAN Fed has some comments from Electronic Arts vice president of corporate communications, Jeff Brown.
From The Chatty
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oh shi.....