Ubisoft Entertainment may speed up its expansion plans as a result of the bid by Electronic Arts for Take Two Interactive Software but is targeting the purchase of new licences for games rather than a major takeover, Yves Guillemot, chairman of the French video games maker, told Les Echos.
'The desire of EA to buy Take Two pushes us to go faster, to accelerate internal growth but also to look at acquisition opportunities,' the business daily quoted him as saying.
Ubisoft shares fell 1.85 pct yesterday after investors decided that EA's bid for Take Two meant the US games giant is less likely to seek to acquire its French rival, in which EA holds 25 pct of voting rights.
Source: Forbes AFX