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Games Publisher Electronic Arts Buys 20% Stake in French Rival Ubisoft

Authored by Mark Hefflinger on January 3, 2005 - 4:06am.
Redwood City, Calif. -- Video game publisher Electronic Arts announced that it has acquired a 19.9% stake in a rival game publisher, France-based Ubisoft Entertainment. The deal is valued at between $85 million and $100 million. Electronic Arts said it has no plans to integrate its development or publishing business with Ubisoft, which has created titles including "Myst," "Prince of Persia: The Sands of Time" and "Tom Clancy's Splinter Cell."
tags: Ubisoft | Electronic Arts | Stake | Games Publisher | French Rival |