Old news, but I thought I'd try and find some financials to go with it (see bottom).
avault.com
According to business publication MCV UK, French publisher Ubi Soft is preparing to acquire U.S.-based game companies Activision and Red Storm Entertainment. Senior executives are said to have held discussions with Ubi Soft’s management in Paris about a possible acquisition. Activision’s shares are in a slump at the moment, allowing the publisher of the hit game Vampire to become a prime target for appropriation, while Ubi Soft is riding the crest of a 75 percent surge in profits in its current fiscal period. Maryanne Lataif, corporate communications for Activision, told the Adrenaline Vault the publisher cannot comment on rumors. Red Storm could not be reached for comment.
FWIW....Here is a link to ubisoft website financials:
finance.ubisoft.fr
Capitalisation au 13/3/00 : 1,27 milliard d'euros (8,36 milliards de francs)
Pardon my french....I assume this means market cap is something like $1.2 Billion?
finance.fr.yahoo.com
Here's some better financials via babelfish (I assume turnover to be revenues...whether these numbers are quarterly or yearly...):
Thursday June 29 2000, 20h22
The group Ubi Soft enclosed 1999 / 2000 with a consolidated net income of 10.95 million euros (71.8 million francs), in increase of 75.2% compared to 1998 / 1999. During the same period, the turnover consolidated increased by 40.7%, to be established to 186.5 million euros (1.2 billion francs).
One year of consolidation
Under a context of growth of turnover and favorable tax conditions related to the new issues of capital carried out in the exercise, the group strongly consolidated its financial standing by:
- a major increase in the own capital stocks which pass from 27,5 to 282,8 million euros;
- a significant reduction of the level of debt from 107 to 52,5 million euros;
- an acceleration of the damping of intangible fixed assets rising for the exercise to 30,9 million euros.
-Scot |
