French Government May Block EA Takeover of Ubisoft


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French Government May Block EA Takeover of Ubisoft

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dellite
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Jan 3, 2005, 8:32 PM

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UbiSoft could receive French government support in its fight to prevent a takeover from US giant Electronic Arts. The government has been watchful for several months about the health of French video games studios, of which around 20 work for Ubisoft.

The heads of the studios fear that a purchase of Ubisoft by EA would lead to the disappearance of the last decision making centre in France for the video games industry, La Tribune added.

Ubisoft said last night it is not in talks 'at present' with EA about the US company's recent purchase of a stake.

Les Echos newspaper reported that Ubisoft will gather together some of its largest shareholders next week in a bid to convince them not to throw their weight behind EA.

EA bought its holding on Dec 20 from Talpa Beheer BV, the investment vehicle of Dutch financier John de Mol. Les Echos said Ubisoft is considering several options to defend itself against its American rival, including increasing the holding of the Guillemot family, who, the newspaper said, have 17.5 pct of shares and 26.6 pct of voting rights.

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DVG: Video Game Reviews & Cheats Developer and Publisher Forums Ubisoft

French Government May Block EA Takeover of Ubisoft