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Old 08-09-07, 03:33 PM   #1
nekrosoft13
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Default Electronic Arts lifts Ubisoft voting stake to 25 pct, owns 15.37 pct of capital

PARIS (Thomson Financial) - Electronic Arts has raised its holding of voting shares in Ubisoft Entertainment to 24.86 pct, and owns 15.37 pct of its capital after exceeding the 20 pct of votes threshold on Friday, said French market regulator AMF.

The increase followed the allotment of double voting rights on registered shares that Electronic Arts (nasdaq: ERTS - news - people ) Nederland has owned for two years. Electronic Arts Nederland now owns 6.99 mln shares representing 13.98 votes. It has not bought any new shares of this type since Aug 3, 2005.

Electronic Arts said it reserves the right to raise its stake in Ubisoft, depending on market conditions, over the next year. It has no plans to seek to nominate board members, but could do so if the are any major changes in Ubisoft's situation.


http://www.forbes.com/markets/feeds/...fx3998595.html
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