Vivendi has been vying for months to take over France-based game publishers Gameloft and Ubisoft, and it’s slow, steady strategy of getting shareholders to sell their shares at an extra 50 percent has just seen its first victory.
The company has succeeded in in its acquisition of Gameloft and even sent out a letter to its newly acquired employees.
Gameloft CEO Michel Guillemot will step down from his position, and sources say he will join his younger brother Ubisoft CEO Yves Guillemot to help the publisher avoid the same hostile fate. Currently, Vivendi owns 18 percent of Ubisoft’s capital, and the two brothers control 15 percent of the board’s votes.
Tensions have been running high, and both Guillemots have made it very well known that they intend to fight the hostile takeover with everything they have. Yves Guillemot stated that the moves were “unsolicited and unwelcome” after Vivendi wrapped up 10.4 percent of Ubisoft’s stock.
Vivendi owned a majority of Activision Blizzard up until 2013 when Activision bought its stock back from the company. Nobody knows what plans Vivendi has with the pair of French publishers, but it wants back in to the video games industry, and it wants back in really bad.