Ubisoft has $1.2 billion acquisition war chest


Ubisoft CEO Yves Guillemot, speaking with Les Echos, says the publisher has a $1.2 billion war chest for spending on acquisitions. The executive states the company needs to grow rapidly to keep pace with publishers like EA (which may, or may not, acquire Take-Two) and the other 800 lbs. gorilla on the block, Activision Blizzard.

Guillemot says acquisition isn't the only way Ubisoft is growing. The company is getting involved in films and licensing, along with opening up new studios and pushing into Asia. He also states that the company will begin working on CG movies, starting with mini films based on its franchises at first, and then moving on to feature films. Hopefully, any Ubi-produced CG film will fare better than Square's Final Fantasy: The Spirits Within.

[Via GameDaily, Develop]

This article was originally published on Joystiq.