French media conglomerate Vivendi is reportedly in the process of deciding whether it should increase its stock holdings in Ubisoft or sell its shares.
Ubisoft CEO Yves Guillemot has previously called the potential of a Vivendi takeover a "disaster", but a Bloomberg report of an AGM interview with Vivendi executives indicates that the media giant (which previously owned Activision) may be starting to look elsewhere.
That's by no means certain, however. Vivendi already owns 26% of the French publisher, and later this year its shareholder voting rights will increase, allowing it to potentially bring that share up to 30%. Under French law, this would put Vivendi over a threshold where it is required to bid for an Ubisoft takeover.
Continue reading…
Continue reading...
Ubisoft CEO Yves Guillemot has previously called the potential of a Vivendi takeover a "disaster", but a Bloomberg report of an AGM interview with Vivendi executives indicates that the media giant (which previously owned Activision) may be starting to look elsewhere.
That's by no means certain, however. Vivendi already owns 26% of the French publisher, and later this year its shareholder voting rights will increase, allowing it to potentially bring that share up to 30%. Under French law, this would put Vivendi over a threshold where it is required to bid for an Ubisoft takeover.
Continue reading…
Continue reading...