Ubisoft Investors Raise Stakes to Fend Off Vivendi Takeover
The Guillemot family chips in even more of its personal wealth to hold onto voting power.
Ubisoft's first family has raised more of its personal stake in the publishing company, in a continued effort to fend off a hostile takeover from Vivendi.
Reuters reports that the Guillemot family raised its stake to 13.6% of Ubisoft's share capitol, giving it 20.02% of its voting rights. Vivendi, by comparison, currently holds 27% of capitol and 24.5% of voting rights. The Guillemot family, and most visibly Ubisoft president Yves Guillemot, have rejected the apparent takeover plans.
It's become something of a tradition at Ubisoft's E3 press conferences to put a fine point on the ongoing battle. This year, the company ended its presentation with the promise of Beyond Good & Evil 2, the highly-anticipated sequel to one of its most famous franchises. While the presentation was short (and awkward), consisting only of a pre-rendered trailer, the behind-closed-doors tech demo was suitably impressive.
Still, Ubisoft shares were slipping as of May, which reportedly made it even more attractive to Vivendi. The company sparring seems far from over.
Steve Watts posted a new article, Ubisoft Investors Raise Stakes to Fend Off Vivendi Takeover