Ubisoft's founder buys another 3.5% of the company
Published: 7th September 2016 | Source: gamesindustry.biz |
Ubisoft's founder buys another 3.5% of the company for around £120 million
Ubisoft's founder is set to buy another 3.5% of the company for around £120 million to prevent a takeover by Vivendi. This will increase the Guillemont families ownership of the company to 12.5%, with Vivendi currently holding 20.1% of Ubisoft.
Vivendi has already completed their takeover of Gameloft, now owning 56% of the company in a move which Yves Guillemot has described as "hostile" and "against the best interest" of the company. At this time the Guillemot family is attempting to prevent the same thing happening to Ubisoft.
The Guillemot family is reported to have been lobbying shareholders to prevent them from selling their shares to Vivendi in a move which they believe will be in the best interest of Ubisoft.
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