If you are following the recent news related to Ubisoft, then you might already know about the threat of hostile takeover of the company by Vivendi. While the threat of the takeover is still on, the company has earned support from its shareholders that will help it to fight to remain independent.
The latest support from the shareholders came during a meeting earlier this Friday as the shareholders approved the renewal of some Board of Director positions. In addition to this, they approved the appointment of company-nominated independent directors, Corinne Fernandez-Handelsman and Virginie Haas.
In an official statement, the company’s CEO Yves Guillemot said, “We are delighted with the massive support of shareholders, which strengthens our determination and ability to defend the interests of all shareholders, and to pursue our strategy of growth and value creation. Ubisoft consolidates its position in the industry among the world’s leading video game and entertainment companies.”
As of now, Vivendi holds 27 percent of Ubisoft’s capital shares.
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