Penny Arcade Forums› Games and Technology
The new forums will be named Coin Return (based on the most recent vote)! You can check on the status and timeline of the transition to the new forums here.
The Guiding Principles and New Rules document is now in effect.

EA attempting to takeover Ubisoft, again?

CouscousCouscous Registered User regular
edited August 2007 in Games and Technology
http://advancedmn.com/article.php?artid=10038
Forbes is reporting that Electronics Arts has raised its holding of voting shares in Ubisoft to 24.86 percent, and owns 15.37 percent of its capital after exceeding the 20 percent of votes threshold on Friday.

In addition, Electronic Arts Nederland now owns 6.99 million shares, which accounts for 13.98 votes. EA has not acquired any new shares of this type since August 3, 2005.

EA has commented that they reserve the right to raise its stake in Ubisoft, depending on market conditions, over the next year. EA currently has no plans to seek to nominate board members, but it’s a possibility if there are any major changes in Ubisoft’s situation.

A hostile takeover could be impending for Ubisoft in the near future. We’ll keep you updated.
Fuck you, EA.

Couscous on

Posts

  • AbsoluteZeroAbsoluteZero The new film by Quentin Koopantino Registered User regular
    edited August 2007
    EA likes money, apparently. Who knew?

    AbsoluteZero on
    cs6f034fsffl.jpg
  • TaramoorTaramoor Storyteller Registered User regular
    edited August 2007
    titmouse wrote: »
    http://advancedmn.com/article.php?artid=10038
    Forbes is reporting that Electronics Arts has raised its holding of voting shares in Ubisoft to 24.86 percent, and owns 15.37 percent of its capital after exceeding the 20 percent of votes threshold on Friday.

    In addition, Electronic Arts Nederland now owns 6.99 million shares, which accounts for 13.98 votes. EA has not acquired any new shares of this type since August 3, 2005.

    EA has commented that they reserve the right to raise its stake in Ubisoft, depending on market conditions, over the next year. EA currently has no plans to seek to nominate board members, but it’s a possibility if there are any major changes in Ubisoft’s situation.

    A hostile takeover could be impending for Ubisoft in the near future. We’ll keep you updated.
    Fuck you, EA.

    Your ideas intrigue me and I would like to subscribe to your newsletter.

    AbsoluteZero wrote: »
    EA likes money, apparently. Who knew?

    I honestly don't think that's the case. EA just doesn't like it when OTHER people have money. Otherwise they'd produce higher quality games so they could make more money in the long run.

    Taramoor on
    nUzGRMY.gif
    twitch.tv/Taramoor
    @TaramoorPlays
    Taramoor on Youtube
  • LewiePLewieP Registered User regular
    edited August 2007
    Hey, that'd be awesome, we could get things like Prince of Persia 2007.

    LewieP on
    SavyGamer.co.uk / Twitter
  • cloudeaglecloudeagle Registered User regular
    edited August 2007
    I'm not inherently against big business or mergers.

    But there's no question EA would rather destroy competition through business wrangling rather than letting their games speak for themselves.

    So fuck 'em.

    cloudeagle on
    Switch: 3947-4890-9293
  • DarkPrimusDarkPrimus Registered User regular
    edited August 2007
    EA owning Ubisoft can only lead to bad things.

    DarkPrimus on
    usnTyq4.jpg
    Rock Band DLC | GW:OttW - arrcd | WLD - Thortar
  • DehumanizedDehumanized Registered User regular
    edited August 2007
    Maybe EA wants a piece of the newly announced "Imagine" series?

    Dehumanized on
  • TheCrumblyCrackerTheCrumblyCracker Registered User regular
    edited August 2007
    LewieP wrote: »
    Hey, that'd be awesome, we could get things like Prince of Persia 2007.


    I lol'd. This is bad news for gamers everywhere. Then again UBI is making those demeaning games targeting female gamers.

    TheCrumblyCracker on
  • CrashmoCrashmo Registered User regular
    edited August 2007
    What's a few mildly offensive games for the rest of the awesome games they put out? If anything, EA would just make MORE of the Imagine games once they took over.

    Crashmo on
    polar-bearsig.jpg
  • FaygoFaygo Registered User regular
    edited August 2007
    Couldnt Ubisoft start buying its own shares up Nintendo did it last year 300 million dollars worth i dont understand why they dont defend there company if there so set to keep it independant

    Faygo on
    Pokemon friend code- 3222 2057 7313
  • .la1n.la1n Registered User regular
    edited August 2007
    there is a storm a brewin'

    .la1n on
  • WotanAnubisWotanAnubis Registered User regular
    edited August 2007
    Faygo wrote: »
    Couldnt Ubisoft start buying its own shares up Nintendo did i last year 300 million dollars worth i dont understand why they dont defend there company if there so set to keep it independant
    Possibly because Nintendo does have all the cash it needs and Ubisoft kind of doesn't?

    WotanAnubis on
Sign In or Register to comment.
Penny Arcade Forums› Games and Technology