Ubisoft’s Guillemot family has raised its stake in the French video game company in a bid to fend off interest from Vivendi, according to a recent stock market filing.
Over the past 2 years, Vivendi has gradually raised its stake in Ubisoft, with a takeover looming. Currently, Vivendi holds 27 percent of Ubisoft’s share capital along with 24.5 percent of voting rights and is reported to be considering a takeover before the end of 2017.
Reuters reports that a filing made earlier today from the AMF stock market regulator states that the Guillemot family has increased its stake to 13.6 percent of Ubisoft’s share capital and 20.02 percent of the company’s voting rights.
Siblings Christian Guillemot, Claude Guillemot, Gérard Guillemot, Michel Guillemot and Yves Guillemot make up the Guillemot family, who up until now have continually rejected any possibility of a deal with Vivendi despite the likely threat of a hostile takeover involving the Assassin’s Creed and Far Cry creator.
Ubisoft was founded in 1986 and currently boasts over 10,000 employees across its vast list of in-house studios including Ubisoft Montpellier, Paris and Montreal.