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About Rainier

PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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EA No Longer Interested In Ubisoft, Sells Its Shares

by Rainier on July 16, 2010 @ 3:53 p.m. PDT

In 2004, EA shook up the industry by buying nearly 20% of Ubisoft shares, sparking speculation it was attempting a hostile takeover, but Ubisoft accelerated its expansion plans and claimed it had the means to remain independent. Now Wall Street Journal reports that a Ubisoft spokesman said EA was selling an unspecified stake in the French company, while another source close to Ubisoft said EA had given investment bank UBS a mandate to sell the entire stake.
In 2004, EA shook up the industry by buying nearly 20% of Ubisoft shares, sparking speculation it was attempting a hostile takeover, but Ubisoft accelerated its expansion plans and claimed it had the means to remain independent. Now Wall Street Journal reports that a Ubisoft spokesman said EA was selling an unspecified stake in the French company, while another source close to Ubisoft said EA had given investment bank UBS a mandate to sell the entire stake.
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