Ubisoft has announced a buy-back program in order to prevent French media conglomerate Vivendi from taking over the company.
The games company has granted a mandate which will allow it to buy back a total number of 4 million shares until December 29 2017. Once the shares have been repurchased they will be canceled by Ubisoft, which means they will have no value and cannot be reissued into the market.
Ubisoft heads Michel and Yves Guillemot have been fighting a potential takeover from Vivdendi for over a year after a hostile takeover bid was backed by Gameloft.
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The games company has granted a mandate which will allow it to buy back a total number of 4 million shares until December 29 2017. Once the shares have been repurchased they will be canceled by Ubisoft, which means they will have no value and cannot be reissued into the market.
Ubisoft heads Michel and Yves Guillemot have been fighting a potential takeover from Vivdendi for over a year after a hostile takeover bid was backed by Gameloft.
Continue reading…
Continue reading...