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EA Tightens Hold on Ubisoft
The company now holds 25 percent voting stake in the French game maker.
by Ryan Geddes
August 8, 2007 - Electronic Arts has raised its holding of voting shares in Ubisoft to nearly 25 percent, according to reports from French stock market regulator AMF.
First reported on Forbes.com Wednesday morning, the increase gives EA 24.86 percent of Ubisoft's voting shares.
In December 2004, EA bought a 20-percent block of the French game maker, a move considered hostile by Ubisoft at the time.
EA's previously held 18.4 % of the voting rights against 22.8 % held by Ubisoft's founders.
Calls and emails to EA and Ubisoft requesting comment about the development were not immediately returned Wednesday morning.
According to the Forbes report, EA said it reserves the right to raise its stake in Ubisoft over the next year, but it has no plans to seek to nominate board members, but could do so if the are any major changes in Ubisoft's situation.
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