HardOCP News
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Vivendi is attempting a hostile takeover of Ubisoft? Pass the popcorn please, this could get interesting.
Mr. Guillemot and his four brothers started Ubisoft in France’s Brittany region and own a minority stake, expanding it more than 30 years to become one of the world’s top five video game publishers. They’re trying to push away Vivendi and its billionaire chairman, Vincent Bolloré, who has amassed a 15-per-cent stake in Ubisoft in recent months and made an unsolicited takeover offer worth some 500-million euros ($750-million) for another Guillemot brothers-run gaming company, Gameloft SE. The hostile bid on Gameloft is the first step in Vivendi’s larger ploy to force talks with the Guillemot family and take over Ubisoft, analysts at European investment bank Bryan, Garnier & Co. have said.
Mr. Guillemot and his four brothers started Ubisoft in France’s Brittany region and own a minority stake, expanding it more than 30 years to become one of the world’s top five video game publishers. They’re trying to push away Vivendi and its billionaire chairman, Vincent Bolloré, who has amassed a 15-per-cent stake in Ubisoft in recent months and made an unsolicited takeover offer worth some 500-million euros ($750-million) for another Guillemot brothers-run gaming company, Gameloft SE. The hostile bid on Gameloft is the first step in Vivendi’s larger ploy to force talks with the Guillemot family and take over Ubisoft, analysts at European investment bank Bryan, Garnier & Co. have said.