Sections
Gi Live London graphic

Connect with the UK Video Games Industry

Buy Your Tickets Today
Gi Live London graphic

Guillemot family to buy another 3.5% of Ubisoft

Purchase of a further 4 million shares will add protection against a possible Vivendi takeover

The Guillemot family has secured the backing of an unnamed bank to purchase 4 million shares in Ubisoft, the latest move in an attempt to fend off a potential takeover bid by Vivendi.

The shares are equivalent to 3.5% of Ubisoft, which would represent a significant increase on the 9% share capital the Guillemots held in July this year. The purchase was confirmed in an official statement from Ubisoft, the publisher where Yves Guillemot is currently the CEO.

This is another development in a story that has been running since October last year, when the French media conglomerate Vivendi purchased stakes in Gameloft and Vivendi - both companies with members of the Guillemot family as founders. Vivendi has since completed a takeover of Gameloft, one that the Guillemots described as "hostile" and "against the best interest" of the company.

According to Bloomberg's sources, the Guillemot family is now engaged with preventing the same thing from happening to Ubisoft, "lobbying other shareholders to back their campaign" and raising its stake in the company.

Vivendi raised its stake in Ubisoft to 20.1% in July, when it sought to, "obtain Board representation consistent with its shareholder position."

Gi Live London graphic

Connect with the UK Video Games Industry

Buy Your Tickets Today
Gi Live London graphic

More stories

Ubisoft revives Driver as a live-action series

Show will be exclusive to Binge, a new streaming platform focused on games-themed content

By James Batchelor

Ubisoft group says Yves Guillemot has "sidelined" its demands as CEO responds to open letter

Over 1,000 current and former staff claim Assassin's Creed publisher "continues to protect and promote known offenders and their allies"

By James Batchelor

Latest comments

Sign in to contribute

Need an account? Register now.