Friday, 16 July 2010

EA To Sell Ubisoft Shares

US publishing giant Electronic Arts are looking to sell their 15% stake in French publisher Ubisoft, according to Bloomberg. EA bought the shares in 2005 when Ubisoft was quickly expanding thanks to success through franchises such as Prince of Persia and the various Tom Clancy games, and the stake is currently estimated to be worth around $122 million. Ubisoft’s share price fell by 1.2% on announcement of this news.

We can only speculate as to why EA would be selling their shares, but rumour puts Activision Blizzard as an interested party.

No comments: