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Guillemot family buying up another 3.5% of shares in Ubisoft to ward off Vivendi takeover

Guillemot family buying up another 3.5% of shares in Ubisoft to ward off Vivendi takeover

The Guillemot family is shoring up its defences against a Vivendi takeover of Ubisoft by buying another 3.5% of shares in the publisher.

The family has secured the backing of an unnamed bank to secure another 4 million shares in Ubisoft, bringing their stake up to 12.5% from the 9% they held in July 2016.

An unwanted presence

Fears of an Ubisoft takeover by Vivendi have been high ever since the media conglomerate started its hostile takeover of Gameloft, which it eventually completed in June 2016.

It would make sense that this was Vivendi's plan - as its own company, Gameloft wasn't exactly the most attractive of businesses to purchase.

[Source: GamesIndustry.biz]


Former Editor

Ric was formerly the Editor of Pocket Gamer and the Deputy Editor of PocketGamer.biz. He still pops up time to time to review games.

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