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Ubisoft Fending Off Takeover Bid From Vivendi

Heavy Smoker Feb 27, 2016

  1. Heavy Smoker

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    French mass media company Vivendi is attempting to secure more stocks in Ubisoft, in a takeover bid that the Assassin’s Creed and The Division publisher is calling “unwelcome”.​
    A report by The Globe and Mail states that Ubisoft boss man Yves Guillemot is attempting to attract investment from a number of sources in both Montreal and Toronto. A French company, Ubisoft has around 3000 employees in the region.​
    Guillemot and has already met with Canada’s Prime Minister Justin Trudeau and Quebec’s Premier Philippe Couillard in an attempt to rustle up support. The CEO told The Globe and Mail that although it’s unlikely Vivendi would shut down Ubisoft’s Canadian studios, the company’s assets would be better protected if Ubisoft remained independent.​
    Vivendi’s billionaire chairman, Vincent Bolloré, has amassed a 15-per-cent stake in Ubisoft in recent months, notes the paper. He has also attempted a hostile takeover worth around €500m for mobile game publisher, Gameloft SE, which Guillemot also owns.​
     
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