Vivendi will transfer ahead with a full takeover of Ubisoft this yr, in response to a brand new report.
Vivendi, the French conglomerate that’s been buying increasingly more of Ubisoft’s shares over the previous couple of years, will lastly transfer on to utterly takeover the French writer.
Vivendi, which at the moment owns simply over 25% of Ubisoft’s shares, is accelerating the acquisition, in response to a Reuters report.
The “second phase”, which additionally includes promoting group Havas, is alleged to start this yr. The Ubisoft takeover bid stays unsolicited, and Ubisoft has been making an attempt to fight it since Vivendi first made its intentions known.
When Vivendi’s shares attain 30%, the media firm shall be required by French legislation to make a proposal to Ubisoft. At this charge, we could get an replace in regards to the scenario earlier than E3. It’s additionally value noting that Vivendi nonetheless doesn’t have a seat on Ubisoft’s board of administrators, regardless of having 22% of the voting rights.