Tech content trusted by users in North America and around the world
7,245 Reviews & Articles | 52,534 News Posts

Vivendi buys 6.6% of Ubisoft stock, Ubisoft boss says it's 'unwelcome'

Ubisoft boss isn't happy with Vivendi's 6.6% purchase of Ubisoft stock, says it will 'fight to preserve our independence'
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Oct 22, 2015 10:32 am

Vivendi has just secured itself a 6.6% chunk in Ubisoft, buying a huge $159 million stake in the French studio. Ubisoft CEO Yves Guillemot has said that "Vivendi and his [sic] chairman" had a reputation for "aggressively pursuing companies within the entertainment sector".




Guillemot said that Vivendi's investment was "unsolicited and unwelcome", where he said: "Our intention is and has always been to remain independent, a value which, for 30 years, has allowed us to innovate, take risks, create beloved franchises for players around the world, and which has helped the company grow into the leader it is today". Guillemot added: "We're going to fight to preserve our independence. We should not let this situation - nor any future actions by Vivendi or others - distract us from our goals. Our best defence is to stay focused on what we have always done best - deliver the most original and memorable gaming experiences".


In an email that were supplied with, Guillemot explained that a possible takeover of Ubisoft would be "managed by people who don't understand our expertise and what it takes to succeed in this industry".


Related Tags

Got an opinion on this news? Post a comment below!