Report: Ubisoft eyeing studios

CFO says that the company is looking to make a number of acquisitions, primarily of independent developers.

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Last week, France-based developer and publisher Ubisoft reported record earnings for the previous 12 months, to the tune of 680.3 million euros (approx $917.1 million). Now the second-largest independent games company in Europe is on the lookout to acquire some smaller fish, according to a report from Reuters.

The company's chief financial officer, Alain Martinez, told Reuters that the company was currently considering two to three acquisition opportunities, primarily development studios. Although he did not name the companies on the radar, he did mention that if the deals went through, they would set Ubisoft back in the range of 1 million to 20 million euros (approx $1.3 million to $26.9 million).

Ubisoft chairman Yves Guillemot said at a news conference, "The idea is to stay cash positive, but we remain on the lookout for acquisition opportunities."

Ubisoft was founded by five brothers of the Guillemot family in 1986 and has developed titles including Red Steel, Rayman Raving Rabbids, XIII, and Tom Clancy's Rainbow Six Vegas. The company acquired MC2-Microids in 2005, bought the Driver franchise from Atari in 2006, and acquired Sunflowers--the German publisher and developer best known for the Anno series--this April.

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Ground_Zero

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well said

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diablobasher

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razu_gamer: Hatred toward EA and owning EA games have nothing to do with each other. People hate them because they are en evil corperate giant who are sucking the life out of the industry and driving it into the ground, and while this is still true, they do occasionally publish some very decent games. But it's not about what games they publish, it's about their stranglehold on the industry, making an already exclusive industry even harder to get a foothold in, which causes a lack of new talent entering the industry and promotes stale recycling of games that bring nothing new to the table. Take VALVe for an example of the opposite, they endorse new talent, a prime example of this is Counter Strike, and Portal, those games were made by random nobodies with talent, who were then taken in by VALVe to see their project come to fruition. EA do not do things like that, they quickly snatch up any licenses or ideas/franchises that seem vaguely interesting, then churn out games based on them for a quick profit.

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monkeyman

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The funny thing is that EA's games have actually been getting better recently and Ubisoft's have been getting much worse...

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razu_gamer

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i really don't see why so many hate EA. I bet everyone has at least one lying around the house.

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K1nG_Gr4H4m

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mannycalavera, sorry to hear about that, but from what I've heard it's not better at Ubi. I think they installed a revolving door in their office over here. Lots of folks coming out of school go there, but once they have experience, they go somewhere else... Mostly *suits* problems.

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Pastehunter

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Yet a nother EA is born :lol:

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DonutTrooper

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113871999- Wow, you're kind of right. Let's at least either hope that they continue to make good games, and if they do become the next EA, then at least let's enjoy the good games while we can.

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ekisom

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we want to see much more successful studios out there i'd say

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Santas_Hitman

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Slow news day?

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mannycalavera

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Oh please buy Visual Concepts! Take Two treats us like crap.

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113871999

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Is it just me or does Ubisoft sound more like EA everyday.

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taylormadederek

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Ubi needs all the creative help they can get. Atleast make a hybrid Ubi, something like Sam Fisher vs. Raymond. That is about as far as their creativity goes. sigh!

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Maeros4

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we dont need another company being bought out...

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TTDog

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This might have been news if they'd mentioned any particular development group they were looking after.

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