Ubisoft not for sale, eyeing acquisitions -report

Iria · Nov 25, 2005, 04:39 PM

PARIS (Reuters) - French video games maker Ubisoft not only wants to remain independent but is also looking to make several acquisitions in a consolidating sector, its chairman said in a magazine interview.

"Nothing has been signed but we are looking at two or three deals with companies whose turnover does not exceed 100 million euros ($118 million). It could be small publishers, studios or even known brands that we would develop," Yves Guillemot told French weekly La Vie Financiere.

Europe's second-largest video games publisher has been the target of intense speculation since Electronic Arts, the world's largest video games maker, bought a near 20 percent stake in December, sparking speculation it could launch a full bid for Ubisoft.

Guillemot said relations with Electronics Arts were "normalized" and said contacts were "sporadic".
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Read More / Source: Reuters

Nov 25, 2005, 04:39 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Ubisoft not for sale, eyeing acquisitions -report PARIS (Reuters) - French video games maker Ubisoft not only wants to remain independent but is also looking to make several acquisitions in a consolidating sector, its chairman said in a magazine interview. "Nothing has been signed but we are looking at two or three deals with companies whose turnover does not exceed 100 million euros ($118 million). It could be small publishers, studios or even known brands that we would develop," Yves Guillemot told French weekly La Vie Financiere. Europe's second-largest video games publisher has been the target of intense speculation since Electronic Arts, the world's largest video games maker, bought a near 20 percent stake in December, sparking speculation it could launch a full bid for Ubisoft. Guillemot said relations with Electronics Arts were "normalized" and said contacts were "sporadic". __________ Read More / Source: Reuters