Home Business & Finance Ubisoft Is Reportedly Buying up to 4 Million Shares Following the Latest Dispute with Vivendi

Ubisoft Is Reportedly Buying up to 4 Million Shares Following the Latest Dispute with Vivendi

It seems that Ubisoft’s battle with Vivendi’s hostile takeover is finally coming to an end as the studio is stepping up its defense against Vivendi. In a latest announcement made earlier today, the video game publisher announced that it will buy back up to 4 million of its shares until end of the year to secure its ownership of the company.

If you are following the latest developments, then you might already know that as of now, Vivendi has about 25 percent of the shares of the company while the owner, Guillemot family has about 22 percent. As current laws in France state that Vivendi can attempt a takeover if its ownership goes above 30 percent, Ubisoft is trying to block the attempt in case Vivendi devices to take over the ownership of the company.

The same law state that in case Vivendi does manage to own more than 30 percent of the shares and fails to take over, it will be required to sell the shares back in order to go below the 30 percent ownership. However, Ubisoft is acquiring more shares in an attempt to give the current owners a better chance at holding onto the company.

Apart from the ownership saga, the publisher will bring several high profile games in the coming months as Assassin’s Creed: Origins, Far Cry 5, and South Park: The Fractured but Whole are scheduled for release in coming days.

Featured image: Wikimedia Commons

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