Vivendi owned Blizzard and then Activision Blizzard at one point. They don’t anymore. Vivendi also has a 90 percent stake in Dailymotion, that video service I use to watch old Japanese game shows.
Right now? Right now, Vivendi is acquiring an increasingly large stake in Ubisoft, despite the company resisting their efforts.
As of this week, Vivendi now owns a 25 percent share in Ubisoft, and they’re looking to own even more. The implicit notion here is that a hostile takeover is coming, though Vivendi would prefer to keep the hostility out of the picture.
The company outlined their goals and standings in a recent release, and we grabbed a few for your consideration. They want board representation that equals their share holdings, for instance, and they also imply that they’ll keep buying up shares.
They even deny the possibility that they’ll be taking over Ubisoft.
• Vivendi is considering continuing to acquire shares depending on market conditions;
• Vivendi is not considering the launch of a public tender on Ubisoft nor acquiring the control of the company;
• Vivendi is hoping to build a fruitful cooperation with Ubisoft;
• Vivendi continues to seek a recomposition of the Ubisoft Board of Directors in order to, among other things, obtain Board representation consistent with its shareholder position;
Here’s the thing, they’ll have to make a takeover bid soon
Vivendi owns 25.15 percent of Ubisoft share capital. By French financial law, if they hit 30 percent, they are required to make a takeover bid.
If they keep buying up shares, they will be forced to take over Ubisoft, regardless of how veiled their intentions currently are.
We’ll keep an eye on this situation as it moves.