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Vivendi raises stake in Ubisoft but takeover won’t happen for six months

Ubisoft has found itself in quite a predicament recently as a company known as Vivendi has been buying up shares in what could turn out to be a hostile takeover. However, while a takeover is still on the table, Vivendi’s CEO has proposed a “fruitful cooperation” between itself and Ubisoft,

As of last week, Vivendi now owns 20.1 percent of Ubisoft and once Vivendi hits the 30% mark, a public buyout offer would need to be made. However, Vivendi doesn’t intend to hit that point for at least six months, according to a statement, instead, it would first like to get a seat on the board of directors and then go from there.

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As GamesIndustry.biz points out, this has all been part of Vivendi’s aggressive push for shares in Ubisoft. Ubisoft’s CEO, Yves Guillemot has previously expressed concern over a hostile takeover and branded Vivendi’s rapid share buying as “unsolicited and unwelcome”.

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KitGuru Says: At this point, Vivendi has bought itself quite a bit of leverage in Ubisoft but it doesn’t sound like things are over yet. If things keep going at this rate, then Ubisoft may have a new owner next year.

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