Ubisoft on the acquisition trail

According to a report on Reuters, chief financial officer Alain Martinez said that Ubisoft is currently looking at two or three potential deals, with increasing its development capabilites a key concern. Martinez also added that is looking at targets worth up to €20 million.

"The idea is to stay cash positive, but we remain on the lookout for acquisition opportunities," added chairman Yves Guillemot during news conference on the group’s 2006/07 earnings.

The news follows Ubisoft’s impressive 2006-2007 financials, in which the firm revealed a 24 per cent leap in year-on-year revenues.