Saturday, August 30, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Partners with Nike On Running App
Samsung Applied for Samsung Quantum Dot TV Trademark
New iPhones Expected at Sept. 9 Event
Google Tests Drones For Delivery Of Goods
UMC To Partner With Fujitsu On Chip Production
Samsung, LG Introduce New Smartwatches
Sharp, Pioneer Dissolve Their Capital Alliance
Nero 2015 is Coming At IFA
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Games > EA to b...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, December 20, 2004
EA to buy 20 per cent share in Ubisoft


Electronic Arts is to buy 20 percent of French publisher Ubisoft, the Wall Street Journal has confirmed this morning, at a reported cost of between $85 million and $100 million.

Neither publisher has made comment on the matter.

The deal is subject to approval by US regulators, and has pointed towards further consolidation in the games publishing market. EA has had an aggressive year in terms of acquisition, the latest recipient of which was British developer Criterion Studios at an estimated long-term cost of $200 million.

Ubisoft has enjoyed channelled success in recent years following the acquisition of Red Storm Entertainment, holder of the Tom Clancy brand, and global hits with thrillers such as Splinter Cell and Ghost Recon. Critical acclaim has spread to Ubisoft's other high-flyers, in particular the remakes of Prince of Persia and Beyond Good & Evil - considered by some to be the Western equal of Nintendo's Zelda.

Ubisoft has steered clear of buyout talk up to this point, aside from president Yves Guillemot confirming notions of acquiring British stalwart Eidos at E3 in 2002.

The news could point to a serious shift in policy from EA, since CEO Larry Probst intimated at E3 this May that he didn't expect the firm to be making the moves as the industry coagulates.

"I'm not sure that it's going to be us acquiring other companies and I don't think that anyone's going to acquire us in the industry, but I think you're going to see consolidation in the next three to five years, where there are fewer competitors to us in five years than there are today," he said at the show.


Previous
Next
Sharp technology join mobile phone industry with Sony Ericsson        All News        Sony denies plasma TV withdrawal
NVIDIA PlayStation 3 GPU to be completed by end of 2005     Games News      Atari Announces Retro Atari Classics for Nintendo DS

Get RSS feed Easy Print E-Mail this Message

Related News
Seagate Ships First 8 TB Hard Drives
EA Access for Xbox One Now Available
Seagate Launches Channel On Roku
Seagate Delivers New Network Storage Portfolio
Google's Nest Launches Thread, A Wireless Networking Protocol for the Home
Creative Introduces the MUVO mini Weatherproof Bluetooth Portable Wireless Speaker
LG Introduces New All-in-one Streaming Home Theater System
Samsung Gear Update Improves Pedometer
Alienware To Release Steam Machine
Ubisoft at E3 2014
EA Showcases Upcoming Games At E3
NVIDIA GameWorks To Enhance Assassin?s Creed Unity, Far Cry 4, The Crew & Tom Clancy's The Division

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .