December 20, 2004

EA Buys 20% Stake in Ubisoft

Electronic Arts continued its money spending ways by buying a 19.9 percent stake in French vidoegame developer Ubisoft. Ubisoft's games include the successful Tom Clancy Splinter Cell franchise and Prince of Persia. Reuters industry sources said EA paid $85-100 million for the stake. Ubisoft has now said they cousider EA's stake-building a "hostile operation."