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On Ubisoft's Independence

Game maker Ubisoft fights back (thanks Mike Martinez) describes how Ubisoft boss Yves Guillemot is asking the board of directors to resist further overtures from EA (story), owner of 20% of the company (story). Here's word on their quest to remain independent:

"We prefer by far to remain independent as we will be able to double our value in the next two years as we will double our effort," said Mr Guillemot.

"The profits of the company will grow fast because the products are selling well and generating lots of revenue."

"If our shareholders are happy with what we do they will not sell their shares, they will keep them as it is a great investment for them," he said.

Ubisoft's sales have risen fast over the past five years, hitting 537m euros (389m) in the 2004-2005 financial year.

Eight of its games, such as Splinter Cell and Prince of Persia, sold more than 17 million copies worldwide.

"We are in a business of creation," said Mr Guillemot, "we need to keep the creativity and that is the value of the company."

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10. Re: Oh puhleeeze May 30, 2005, 15:39 4D-Boxing
 
The Half Elf,

You're 100% correct! I was going to post the same thing.

 
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