Post by Segaman on Dec 20, 2004 19:53:11 GMT -5
Electronic Arts Inc., the largest video game publisher in the United States, said Monday that it agreed to purchase a 19.9 percent stake in French video game developer UbiSoft Entertainment SA from Talpa Beheer BV, the investment vehicle of Dutch media giant John de Mol.
Ubisoft is one of Europe's top three video game companies, publishing such titles as Prince of Persia: the Sands of Time and Tom Clancy's Splinter Cell. Ubisoft, which employs about 2,352 workers, posted sales of $618.9 million in 2004.
The purchase is subject to antitrust clearance from the U.S. government. Financial terms were not disclosed.
Electronic Arts, publisher of Madden NFL 2004, Medal of Honor and the SimCity series, recorded earnings of $577.3 million on sales of $2.96 billion in 2004.
Ubisoft is one of Europe's top three video game companies, publishing such titles as Prince of Persia: the Sands of Time and Tom Clancy's Splinter Cell. Ubisoft, which employs about 2,352 workers, posted sales of $618.9 million in 2004.
The purchase is subject to antitrust clearance from the U.S. government. Financial terms were not disclosed.
Electronic Arts, publisher of Madden NFL 2004, Medal of Honor and the SimCity series, recorded earnings of $577.3 million on sales of $2.96 billion in 2004.
