Ubisoft Fighting Hostile Takeover Attempt By Vivendi

According to Ubisoft boss Yves Guillemot, the studio is currently at risk of being taken over by mass media conglomerate Vivendi, a group which has a known history in the games industry with companies like Sierra and Activision.

Vivendi has been aggressive in their attempts to gain a controlling stake in Ubisoft over the past year, and back in October purchased 6.6% of the company…only to burst that stake upward later in the same month to 10.39%. And as if that wasn’t all, Vivendi also made advances on Gameloft, the mobile game company that Yves Guillemot and his siblings created and founded.

Guillemot has stated on the record that Vivendi’s actions are “unsolicited and unwelcome,” to which Vivendi has responded by claiming their actions are “simply part of a strategic vision of operational convergence between Vivendi’s content and platforms on one hand and the Ubisoft and Gameloft productions in video games on the other.” And as if to back up their “strategic vision,” they went ahead and snatched up 30% of Gameloft.

Under the law, this 30% stake now gives them the ability to trigger a mandatory takeover bid—which of course Vivendi is doing by offering current shareholders 50% more than the shares are worth in order to grab further control.

Guillemot is taking active steps to prevent this hostile takeover, even meeting with new PM Justin Trudeau to talk about the risk to Canadian employees of the company if Vivendi’s takeover attempts prove successful. He has also spoken directly to The Globe and Mail, saying that he wants to “increase the number of Canadian shareholders in Ubisoft to have better control over the capital.”

Whether you agree with Vivendi’s takeover attempts or if you side with Ubisoft, it’s certainly going to be interesting to see how this plays out in the days ahead.

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Micah
Author: Micah View all posts by
Micah has been playing games since his first pong machine, and has been writing for as long as he could grip a pencil and not drool on the paper. So, for about a week.

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