Ubisoft Unsure

In a recent interview with French newspaper Les Echos, Ubisoft president Yves Guillemot informed us that a takeover of the French developer/publisher is still very much possible.

When Electronic Arts recently purchased 20% of Ubisoft’s outstanding stock, it was widely speculated that they had evident desires of gaining control of the company. This initially led Guillemot to accuse this action of being a potential “hostile takeover” and requested assistance from the French government to intervene.

In Guillemot’s latest statement, he appeared to be a bit more docile about the situation. He claimed that the acquisition was still possible, and the company may have a tough time turning down what would be considered a “reasonable offer”. In one of his statements, “We are not safe from a hostile action from Electronic Arts, which it would be difficult to block if they make a genuinely interesting offer…I doubt that our shareholders could be won over by a cut price.”

Upon hearing this news, investors raised Ubisoft’s stock quota by 1.36 euros ($1.66) to 42.40 euros ($51.78). A very compelling situation indeed, and something that could have dramatic events in the gaming industry’s future. More to come when anymore information arises.