'

Ubisoft "won't relax" until Vivendi sells their stake in the company

Ubisoft

Ubisoft

Ubisoft "won't relax" until Vivendi sells their stake in the company

 

In recent months Ubisoft has been in a rather tricky position, with Vivendi quickly buying up shares in order to take over the company. 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, 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%.

 

We won’t relax until they sell their shares,  The creeping control strategy implemented by Vivendi is dangerous. We think that there’s a great risk of shareholders losing value.

  

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.

 

Ubisoft

 

Right now 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. 

 

You can join the discussion on Ubisoft's stand against a Vivendi takeover on the OC3D Forums

 

«Prev 1 Next»

Most Recent Comments

29-09-2016, 12:06:12

NeverBackDown
Why is even Vivendi even trying to buy all these game companies?Quote

30-09-2016, 02:22:26

Chrazey
Quote:
Originally Posted by NeverBackDown View Post
Why is even Vivendi even trying to buy all these game companies?
To become EA Quote
Reply
x

Register for the OC3D Newsletter

Subscribing to the OC3D newsletter will keep you up-to-date on the latest technology reviews, competitions and goings-on at Overclock3D. We won't share your email address with ANYONE, and we will only email you with updates on site news, reviews, and competitions and you can unsubscribe easily at any time.

Simply enter your name and email address into the box below and be sure to click on the links in the confirmation emails that will arrive in your e-mail shortly after to complete the registration.

If you run into any problems, just drop us a message on the forums.