Ubisoft Strikes Back Against Vivendi!

General news News 10/08/2017

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Yves Guillemot doesn’t want Vivendi to take over his company (as they have already done so with Gameloft).

Ubisoft is doing everything it can to don’t allow the media giant, led by Vincent Bolloré, to take the game developing/publishing company over. Therefore, Guillemot has bought back no less than four million shares, supported by several Ubisoft shareholders. These shares are being retired, which means they can not be purchased anymore. With the shopping, the Guillemot-family is up to 14% of the shares (and 20% voting rights), which is still off from Vivendi’s 27% and 24%, respectively.

The 27% of owned share amount is close to the 30% limit, where the French law would require Vivendi to place a bid on Ubisoft, or they’d have to drop below 30% to comply. There’s also the Florange law: any shares held by the same entity for two years will mean double voting rights for that share. Vivendi first bought 6.2% in October 2015… and they might trigger the hostile takeover from November 23 because of it!

If Vivendi is serious about taking over, the company would have to pay a LOT, as the Ubisoft share prices are on the up (by no less than 5.24% since the buyback announcement…). The shareholders behind Guillemot, as well us, would not like to see Ubisoft disappear in its current form.

Source: WCCFTech

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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)