EA Sells Their Entire Stake In Ubisoft

EA is selling off its 14.8% stake in Ubisoft which it acquired six years ago.

A Paris based stock trader said, “Electronic Arts was seen as a natural bidder for Ubisoft, though a lot of people had given up with this idea a long time ago. On the other hand, it may open the door to new investors who were not willing to enter Ubisoft and try to shake up things as Electronic Arts already owned 15 percent but was not doing anything with its stake.”

A Ubisoft representative told Dow Jones Newswires, “this is good news for Ubisoft which regains its independence, although Electronic Arts has always supported our strategy.”

In May of this year, Electronic Arts only owned 14.8 percent of Ubisoft, with Yves Guillemot’s founding family owning 11.3 percent and 20 percent voting rights.

Ubisoft shares were down by 1.3 percent at €6.88 during the opening bell.