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Ubisoft wins fight to remain independent, for now

Ubisoft has today won its fight to remain independent at the company’s annual stockholder meeting.

Multimedia conglomerate Vivendi has been increasing its stake in the company with a view to taking control from the company founders, however Ubisoft CEO Yves Guillemot and Ubisoft Motion Picture CEO Gerard Guillemot were both reelected to the board and two new members were elected, none of whom represent Vivendi.

Vivendi could of course still go down the route of buying up shares to force a hostile takeover, although Ubisoft is planning to do all in its power to stop this from happening.

Currently Vivendi has a 23 percent stake in the company, although if it manages to get over the 30 percent mark it will be obliged to launch a public offer.

Ubisoft is thought to be in talks with other game publishers to seek potential support and fend off such a takeover.

Edited On 29 Sep, 2016

( 2 )
Turniplord's avatar
Turniplord 4 months ago
Great news! shame Ubisoft can't play them at their own game and buy shares in their company to take them down
Anonymous user's avatar
Yasin 4 months ago
Imma gonna buy shares at Shopto and own the conpany soon

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