Ubisoft Raises The Stake Against Vivendi

General news News 06/28/2017

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Yves Guillemot still doesn’t want Ubisoft, which started out as a family company, to be swallowed up by Vivendi.

Reuters reports that the Guillemot-family has raised its share amount in the company to 13.6%, which means a 20.02% in its voting rights. They won’t change the board of directors, though: five out of ten people are members of the Guillemot family, and the chairman is the CEO, Yves. Half of the board is independent, which is part of Ubisoft’s plan to keep Vivendi at bay.

Their fear is not uncalled for, though: the media giant, led by Vincent Bolloré, now has 27% of the shares and 24.5% of voting rights. If their shares reach 30%, the French law will force them to launch a bid for a controlling stake, meaning a hostile takeover would happen.

Don’t forget that Vivendi played a huge role in creating a company called Activision Blizzard roughly a decade ago…

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Angyal Anikó

Anikó, our news editor and communication manager, is more interested in the business side of the gaming industry. She worked at banks, and she has a vast knowledge of business life. Still, she likes puzzle and story-oriented games, like Sherlock Holmes: Crimes & Punishments, which is her favourite title. She also played The Sims 3, but after accidentally killing a whole sim family, swore not to play it again. (For our office address, email and phone number check out our IMPRESSUM)