Electronic Arts Said to Sell 15% Stake in Ubisoft
Electronic Arts Inc. is selling a 15 percent stake in Ubisoft Entertainment SA, Europe’s biggest video-game producer, according to terms obtained by Bloomberg News.
UBS AG, the sole bookruner, is placing 14 million Ubisoft shares at a price range of 6.48 euros to market, the terms show.
Electronic Arts is Ubisoft’s largest shareholder, according to Bloomberg Data. The shares fell 3.2 percent to 6.97 euros in Paris yesterday.