I'm a stock newbie, so forgive me if this is a naive question, but isn't this the reasons companies generally only sell 49% of their stocks to the public - to avoid the possibility of a takeover?

The idea that a company can hostilely take over another by buying them is a strange concept to me. If they don't want it to happen, can't they just say no?

Or is the Ubisoft CEO making those comments because he secretly wouldn't mind EA taking over if the price is right (ie, him getting a big piece of the pie)?