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Vivendi now owns a quarter of all Ubisoft shares but continues to claim no takeover is imminent

Vivendi now owns a quarter of all Ubisoft shares but continues to claim no takeover is imminent

Vivendi has increased its stake in Ubisoft to over 25% and outlined its plans for the company for the next six months.

The conglomerate now holds 25.15% of Ubisoft shares. As a result, it also has 22.92% of the voting rights for Ubisoft.

Vivendi has stated that the acquisitions have been made using disposable cash and that it is acting independently. It is also considering purchasing further shares dependent on market conditions.

No takeover

More importantly, it stated that it is not looking to take over Ubisoft in the next six months. Instead, it is looking to "build a fruitful cooperation with Ubisoft", and shuffle the Board of Directors for better representation of its views.

Vivendi increased its stake in Ubisoft to 24% almost exactly a month ago. It owned 20% of Ubisoft shares back in September 2016.

Ubisoft has been vocal in its distaste towards Vivendi's share purchases, with CEO Yves Guillemot saying that "we won't relax until they sell their shares".


Senior Event Writer

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