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Published by GameFront.com 11 years ago , last updated 2 months ago
Posted on February 26, 2008, Chris Ubisoft to Go After New Licenses in Wake of Potential Take-Two Buyout
I posed a question at the end of the most recent story on the fallout of EA’s failed Take-Two buyout, asking, “What impact would this have on the games industry?” Well, here’s one immediate effect: Ubisoft is going to be more aggressive in its attempt to expand. However, unlike EA’s method of acquiring other companies, Ubisoft will look to acquire new licenses.
Ubisoft chairman Yves Guillemot recently told French newspaper Les Echoes, “The desire of EA to buy Take-Two pushes us to go faster, to accelerate internal growth but also to look at acquisition opportunities,” according to Forbes.
Remember, EA has a 25% stake in Ubisoft, a company that is often viewed as one EA could attempt to take over.
Unlike Take-Two’s shares, which soared following EA’s offer to buyout the company, Ubisoft’s dropped 1.85% on Monday. Several other companies, including THQ, Midway and Atari, all saw an increase in stock value. 1UP infers that Ubisoft’s drop might be due to investors suddenly thinking a buyout of the company is less likely, should they acquire Take-Two.
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