Infogrames To The Rescue

Infogrames CEO Bruno Bonnell put his spoon to the UbiSoft soup. Mr. Bonnell says that UbiSoft should resist Electronic Arts plans (whatever they might be). He goes on and says that Infogrames could take part into supporting UbiSoft’s defensive battle against Electronic Arts. However, it seems improbable that Infogrames could actually do anything to help UbiSoft, because the financial future for Infogrames itself looks very shaky.

Infogrames is in a situation, in which it has to pay back 117 million euro loan that is due in July. Mr. Bonnell is betting on solution that would see the company to issue new stocks to the market, in order to collect enough capital to reorganise the loan arrangements. For now there are some dark clouds hovering over Mr. Bonnell’s plan and it is still uncertain how shareholders will respond. The worst-case scenario is that shareholders reject Mr. Bonnell’s plan and he has to resign. Not the best possible situation to start saving other companies, maybe he should first focus on pulling Infogrames through the difficulties.