Vivendi Closes In On Ubisoft Takeover

Reuters’ sources confirms that the French media conglomerate Vivendi will complete the takeover of Ubisoft before the end of 2017.

Guillemot family and Ubisoft have already been resisting a takeover from Vivendi last year, despite the French media possessing 25 percent of the organization shares.

ubisoft event

[quote style=’1′ cite=” title=”]”Vivendi is moving to the second phase; everything will take place this year.” While Vivendi would have a limit on how much it’d be willing to spend, “The logical thing would be to buy Ubisoft.”[/quote]

Vivendi is aggressive on its acquisitions this year with a 60 percent stake of Havas, an advertising company, and now they are targeting Ubisoft, a video game publisher.

The company has been slowly acquiring the game publisher’s shares and they manage to reach 25 percent mark by December. At 30 percent, they could pursue a controlling stake in the company under French law.