Ubisoft 2005 Annual Report Download - page 89

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Events after closure
of accounts
- Depositions
Since October 2003, a lawsuit has been pending between
Ubisoft Entertainment SA and a licensee concerning breach
of license agreement. Arbitration will take place in July 2006.
- Sale of assets
On April 1, Ubisoft Warenhandels GmbH sold its distribution
rights to Ubisoft GmbH.
- Conversion of share subscription warrants granted in
May 2003
A capital increase of Ubisoft Entertainment SA of
€24 million in April and May 2006 as a result of the
conversion of 12,767,115 share subscription warrants
granted in May 2003.
- Asset purchase
On August 3rd 2006, acquisition from Atari Inc. and
Reflections Interactive Ltd of the intellectual property and
technology rights to the Driver®franchise, as well as most
of the assets and all of the personnel of Reflections
Interactive Ltd for an amount of 24 MUSD.
2
87
UBISOFT • 2006 ANNUAL REPORT
FINANCIER
Ubisoft group’s consolidated accounts as of March 31, 2006
2.5.8