Ubisoft "won't relax" until Vivendi sells all shares


This doesn't mean that prevent Vivendi from moving forward with a hostile takeover attempt it just means for the time being, it won't have the influence of a board of directors member over Ubisoft.

Ubisoft's annual general meeting is today, and the company expects Vivendi to make a bid for representation on its board of directors - another step in a strategy that could lead to Vivendi turning its 23% stake into a full takeover.

Shareholders in Ubisoft reappointed two of the company's founders, Yves and Gerard Guillemot, as board members with a majority of votes. "We remain focused on the execution of our strategic roadmap, which has already proven successful and which we are confident will continue to deliver great results and value for all of Ubisoft's stakeholders".

Heading into the meeting it wasn't clear whether or not Vivendi would seek to have its own representatives placed on Ubisoft's board.

Vivendi would be obligated to make a buyout offer of Ubisoft if it held more than 30% of the company's shares.

And the battle for control of the French games publisher goes back even further than that.

Today's events likely do not mark the end of Vivendi's campaign to seize control of Ubisoft. The creeping control strategy implemented by Vivendi is unsafe.

It'll be interesting to see how the Vivendi and Ubisoft power struggle plays out - Ubisoft may have its critics, but it's undoubtedly a hugely important part of the mainstream gaming scene, and changes in its ownership or management would certainly be disruptive.

Yves Guillemot, who founded both Ubisoft and Gameloft with his four brothers, has been fiercely opposed to Vivendi's efforts to gain control of Ubisoft.



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