ArtSupply Network Inc $($a manufacturer of art supplies$)$ has announced plans to enter into an equity strategic alliance with PaperSoft to develop a line of specialty papers for use with a line of specialty paints that ArtSupply manufactures. Which of the following would be the MOST accurate interpretation of this announcement?

ArtSupply will own a majority equity stake in the new venture.

PaperSoft will own a majority equity stake in the new venture.

ArtSupply or PaperSoft will own an equal equity stake in the new venture.

There will be some equity interest but we do not know which one or how much equity is involved based on the announcement.