EAs Ubisoft power increases

US publisher Electronic Arts, which owns a 15.4 per cent stake in rival publisher Ubisoft, has now seen its voting rights to over 20 per cent after two years of stock ownership. In fact, EA’s voting power now exceeds that of the Guillemot family.

It’s in the company’s statutes – if you have shares for more than two years, that doubles the voting right. It was expected,” Ubisoft told Bloomberg.

EA has opted not to nominate any board members, CVG reports.

Ubisoft CEO Yves Guillemot recently told Bloomberg: I would not say it’s fun to have a competitor among your shareholders.”

About MCV Staff

Check Also

EA suggests that it may drop FIFA brand

It's a rock and a hard place for EA, but it's the right thing to be at least considering a change