We’ve learned (via Reuters) the ongoing battle for majority control of Ubisoft has taken an interesting turn.
The Guillemot family, founders of Ubisoft, have long since been fighting to retain majority control of the now multi-continental Ubisoft company. Now they’ve upped their sake in the company in a direct bid to fight off a hostile takeover.
A filing in the AMF stock market notes the family raised its stake in Ubisoft to 13.6 percent of the company’s share capital, and 20.02 percent of the company’s voting rights.
French multi-national media company Vivendi has been obtaining more stake in the company, to which the Guillemot family has continually refused a takeover. Vivendi currently owns 27% of the company’s share capital and 24.5% of its voting rights.
A previous report had rumors swirling around Vivendi finally sealing the deal, acquiring majority control of the company over the Guillemot family. It seems like that still isn’t happening, coming from this new report.
We’ll keep you guys posted.