Ubisoft Makes A Statement On Vivendi's Recent Comments Of The Ubisoft Takeover

Joann Johnston
November 18, 2017

Vivendi shares were down 0.2 percent to 21.62 euros at 0836 GMT. This month, Vivendi was legally obliged to make an offer to purchase Ubisoft - but only if their shares hit 30%. This is because Vivendi is trying to buy Ubisoft and Ubisoft thinks this is a hostile takeover they do not want and would prefer to remain in control of the company they now have.

Vivendi said on November 16 that it does not intend in the next six months to make a takeover offer for Ubisoft, the video-games publisher in which it is the largest shareholder. With Ubisoft already generating Vivendi plenty of money, Vivendi is allowing their shares to appreciate in value. Gameloft is the worldwide leader in mobile gaming downloads. "Given that this sector is the second largest in the content industry after music, the Group confirms its intention to continue to develop in this sector", the company wrote in its earning filings.

KitGuru Says: Ubisoft has had some missteps over the years, but I generally think that the publisher is heading in the right direction with games like Rainbow Six Siege, Watch Dogs 2 and Assassin's Creed Origins.

Reuters predicted that a move for a takeover would come before the end of the year but Vivendi's lower-than-expected third-quarter earnings coupled with a boon in Ubisoft's valuation means such actions will not happen for at least another six months.

Trump adds five names to list of Supreme Court candidates
The justice said it is the role of those serving on the courts to look to the Constitution rather than society in practicing law. Circuit Court of Appeals, Justice Britt Grant of the Georgia Supreme Court, Judge Brett Kavanaugh of the D.C.

Here's Why Kim K Didn't Invite Her Surrogate to the Baby Shower
She suffered from a condition called placenta accreta, which can cause damage to both the mother and the child. "She's great. Kardashian confirmed in September that she was expecting via surrogate due to complications with her previous pregnancies.

Insider Trading at Iron Mountain Incorporated?
TRADEMARK VIOLATION NOTICE: This story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. As of the end of the quarter Epoch Investment Partners, Inc. had sold a total of 69,739 shares trimming its position 3.1%.

The filings also state that the French conglomerate recognizes the push-back from Ubisoft's Guillemot family and will no longer push for a seat on its board of directors.

It'll be interesting to see how this saga plays out, but Ubisoft is safe for now.

Now it looks like Vivendi won't currently be doing this.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER