Vivendi increases their stake in Ubisoft to over 25%

Vivendi increases their stake in Ubisoft to over 25%

Vivendi increases their stake in Ubisoft to over 25%

Vivendi increases their stake in Ubisoft to over 25%

 
Vivendi has now increased their stake in Ubisoft, now owning 25.15% of the company and 22.92% of the company's voting rights. 
 

In recent months Ubisoft has been in a rather tricky position, with Vivendi quickly buying up shares in order to take over the company. It is clear that Vivendi wants a majority stake in the company, prompting Ubisoft to buy back a lot of their own shares. 

In an interview with The Wall Street Journal the companies CEO, Yves Guillemot has made it clear that Vivendi's investments in the company are not welcome and are against the best interest of the company. Yves Guillemot has already purchased 3.5% of the company with his own money to prevent a potential buyout, increasing the Guillemont families ownership of the Ubisoft to 12.5%.

Back in September Ubisoft spent €122.5 million to help prevent a potential buyout by Vivendi, purchasing 3.2% of their own shares from the French bank Bpifrance. 

Vivendi increases their stake in Ubisoft to over 25%

 

Right now Vivendi currently owns  22.8% of Ubisoft's shares and has made it known that they wish to buy a majority stake in the company. Vivendi has already completed their takeover of Gameloft, now owning 56% of the company in a move which Yves Guillemot has described as "hostile" and "against the best interest" of the company.

The Guillemot family and the current set of Ubisoft Executives are reported to have been lobbying shareholders to prevent them from selling their shares to Vivendi in a move which they believe will be in the best interest of Ubisoft.

Back in 2013 Vivendi were the parent company of Activision Blizzard, owning a 63% stake in the company. Activision Blizzard eventually had to spend $5.83 Billion in order to buy back their shares retake control of the company back from Vivendi. Right now it seems that Ubisoft does not want to be placed in the same position. 

In French Law, if Vivendi acquires more than 30% of Ubisoft's shares it must make an offer to officially buyout the company in its entirety. 

 

You can join the discussion on Vivendi increasing their stake in Ubisoft on the OC3D Forums

 

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