Ubisoft's Guillemot Family Purchases Larger Stake in Company to Prevent Vivendi Takeover

Ubisoft's Guillemot Family Purchases Larger Stake in Company to Prevent Vivendi Takeover

The war for Ubisoft continues.

The House of Guillemot bought more Ubisoft shares recently in an effort to stop a potential hostile takeover by French media corporation Vivendi.

Reuters reports today that the founding family of Ubisoft purchased more shares as referenced in a filing with the AMF stock market regulator. The Guillemots now control 13.6 percent of Ubisoft shares, and have 20.02 percent of voting rights. This is compared to the nine percent share capital the Guillemots controlled in Ubisoft a year ago.

Vivendi however still holds 27 percent of Ubisoft's share capital and control 24.5 percent of voting rights, meaning the Guillemots will need allies to prevent the long-brewing hostile takeover.

Vivendi has been making inroads to acquiring Ubisoft since October 2015, when Vivendi purchased 6.6 percent of the company's stock. Since then, Vivendi's motives for the video game publisher have been relatively clear, with Guillemot going as far as approach the Canadian government to help prevent a hostile takeover.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. See our terms & conditions.

Matt Kim

News Editor

Matt Kim is a former freelance writer who's covered video games and digital media. He likes video games as spectacle and is easily distracted by bright lights or clever bits of dialogue. He also once wrote about personal finance, but that's neither here nor there.

Related articles

Stardew Valley Just Got Beaches, Fish Tanks, Swimming Ducks, and a Whole Lot More

Nearly five years on, Eric "ConcernedApe" Barone just pushed what he says is Stardew's "biggest update yet."

Alien: Isolation Is Free on Epic and Just As Good as It Was in 2014

Get the motion tracker and don't go in the vents.

Shigeru Miyamoto Expresses Confidence in the Younger Generation of Nintendo

The legendary creator says the spirit will stay alive.

You may also like

Press Start to Continue

A look back on what we tried to accomplish at USgamer, and the work still to be done.

Mat's Farewell | The Truth Has Not Vanished Into Darkness

This isn't the real ending, is it? Can't be.

Eric's Farewell | Off to Find a New Challenger

It's time for us to move on, but we'll carry USG with us wherever we go.