NEWS - Saturday, January 15, 2005


EA says Ubisoft buy not hostile

EA Says Ubisoft Buy Not Hostile But takeover-wary Ubisoft comes back with a defense plan. On January 14, 2005 - An article in the French newspaper La Tribune quotes Electronic Arts as having no hostile intentions in its 20% investment in Ubisoft, and that EA held talks with the French publisher. "Everyone thinks that we never had talks with Ubisoft," EA Europe's Gerhard Florin told La Tribune. "We spoke to Ubisoft, Activision, Eidos, and a lot of other producers. We didn't only speak of acquisitions but also industrial partnerships." Ubisoft has already proclaimed EA's December purchase as hostile, and rival Infogrames and even the French government have offered to help defend the company from a takeover. Regardless, EA maintains its intentions are not hostile. "We had the opportunity to buy a 20% stake in Ubisoft and we haven't asked for anything... That's not hostile," explained Florin. "In our industry, one doesn't make hostile moves because our value lies with people." At the same time, an AFX story reports that Ubisoft has already worked out a secret defense plan to prevent any takeover. Ubisoft Chairman Yves Guillemot commented on France Info radio: "All the strategies have been studied, and we have a plan, which I cannot reveal, that will allow us to win in this matter, that is to say to keep the creativity that constitutes Ubisoft's value today." The Guillemot family owns 17.5 percent of Ubisoft shares, and holds 26.5 percent voting rights. We'll keep you up-to-date as the situation continues to develop.
Source: http://www.ign.com/

Comments

Site Statistics

Registered Members: 44,708
Forum Posts: 725,813
Xbox One Titles: 1,342
Xbox 360 Titles: 1,085
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,731
Member Reviews: 10,339
News Articles: 14,570
Screenshots: 31,573
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox Playdates Canada July, 2018 playdate info.
Post by Kiesey
1 Replies, 77 Views

Manette Xbox One Xfest18
Post by oryanphine
2 Replies, 402 Views

Xbox One X Mountain Dew
Post by oryanphine
0 Replies, 276 Views

Xbox Playdates Canada June 2018 schedule
Post by Kiesey
1 Replies, 421 Views

Xbox One X Black Panther
Post by oryanphine
3 Replies, 722 Views

Xbox Playdates Canada May 2018 schedule
Post by Kiesey
4 Replies, 700 Views

Is anything happening in XBox One land?
Post by DJ tx
7 Replies, 957 Views

Xbox One S Jojeux Anniversaire
Post by oryanphine
1 Replies, 654 Views

Xbox One X Steelbook
Post by oryanphine
1 Replies, 702 Views

Xbox Playdates Canada April 2018 Schedule
Post by Kiesey
4 Replies, 991 Views

Xbox One X World of tanks
Post by oryanphine
2 Replies, 1132 Views

Xbox Playdates Canada - March 2018 Schedule
Post by Kiesey
7 Replies, 1380 Views

Any info on Biomutant release?
Post by DJ tx
4 Replies, 1183 Views

Xbox Playdates Canada - February Playdates Schedule
Post by Kiesey
8 Replies, 1531 Views

Xbox Prototype Communicator
Post by oryanphine
1 Replies, 1937 Views

© 2000-2018 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics