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EA to buy 20 percent of Ubi Soft







EA to buy 20 percent of Ubi Soft

EA to buy 20 percent of Ubi Soft 12/22/2004 01:26 AM

Video game publisher Electronic Arts (EA) on Monday announced it would buy nearly 20 percent of Ubi Soft Entertainment, feeding speculation that it might bid for a complete takeover. "It was very clear they were coming into the market one way or another, and we felt it was important that we own the shares," EA CEO Warren Jenson, told Reuters. According to analysts, EA has a market capitalization of $18 billion, sales of $2.9 billion and cash of $2.5 billion, and should easily be able to afford Ubi Soft, which has a market value of about $500 million.




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EA to buy 20 percent of Ubi Soft

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Grok Description matches for EA to buy 20 percent of Ubi Soft
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