Ubisoft Entertainment (UBI.PA)Ubi readies $1.2bn acquisition warchestDevelopMag - June 1, 2008
Submitted by apujanata (14935)
at 4:26AM PST on June 2, 2008
Yves Guillemot, CEO of Ubisoft, has said that the firm must "continue to grow at a rapid pace in the years to come" to remain competitive - revealing he has up to 780m Euros (or $1.2bn) to spend on acquiring studios or publishers which will grow the company.
To make sure the firm isn't left behind, Ubisoft is also prepared to buy companies that will maintain its rapid growth.
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It's part cash (150Me), part loan...