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Vivendi buys more Ubisoft shares, takeover rumors begin

Ubisoft buyout rumors begin, with Vivendi securing more shares in Ubisoft

Anthony Garreffa | Apr 30, 2016 at 5:24 am CDT (0 mins, 43 secs time to read)

Vivendi has just purchased a larger stake in Ubisoft, where until now they had a 10% stake in Ubisoft, but have recently purchased more - now holding 17.73% of Ubisoft's capital, and 15.66% of voting shares.

Vivendi buys more Ubisoft shares, takeover rumors begin | TweakTown.com

The company filed documents this week which were reported on by Reuters, with the company saying that it had "no plans" to try and push for an Ubisoft takeover, nor would it make an offer for Ubisoft's outstanding shares. Rewinding back to 2015, Vivendi increased its hold on Ubisoft from 6.6% to 10%, which Ubisoft said was "unsolicited and unwelcome".

Ubisoft has since met with investors and the Canadian government to "fight to preserve our independence". Vivendi used to own Activision Blizzard, but sold its majority stake in 2012, and then fully in 2013. It still owns around 12% of the company in 2013, and now it has less than 6%.

Last updated: Apr 6, 2020 at 04:50 pm CDT

NEWS SOURCE:gamespot.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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