Home News Media giant Vivendi now owns more than 25% of Ubisoft

Media giant Vivendi now owns more than 25% of Ubisoft

Media conglomerate Vivendi today announced that it owns 25.15% of Ubisoft alongside 22.92% of its voting rights.

In a press release, Vivendi also declared that it is “considering continuing to acquire shares,” though, “it is not considering the launch of a public tender on Ubisoft nor acquiring the control of the company.”

Moreover, Vivendi has taken a shot directly at Ubisoft by saying it, “continues to seek a recomposition of the Ubisoft Board of Directors in order to, among other things, obtain Board representation consistent with its shareholder position.”

In reply to the statement, Ubisoft President and CEO, Yves Guillemot, made a statement of his own.

“As you’re well aware, Vivendi claims that their stake in Ubisoft deserves board representation,” Guillemot said. “We have always strongly opposed that claim, on the basis that the many conflicts of interest and their creeping control approach would be negative for our company, our employees and our shareholders.”

Vivendi last increased its stake in Ubisoft back in June. Earlier in the year, Ubisoft began a campaign to protect itself and its interests against Vivendi.

 

Steve Wrighthttps://www.stevivor.com
Steve's the owner of this very site and an active games journalist for the past ten years. He's a Canadian-Australian gay gaming geek, ice hockey player and fan. Husband to Matt and cat dad to Wally and Quinn.

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