Guillemots increase Ubisoft ownership as it fends off Vivendi

MCV Staff 6th September 2016 Publishing

Assassin’s Creed, Watch Dogs and The Division developer-publisher Ubisoft is bulking up its defences in an attempt to remain independent.

The games giant has been fending off a hostile takeover from Vivendi, which hasintensified in the last 12 monthsas the aggressive conglomeratehas repeatedly upped its stake in both Ubisoft and Gameloft – both owned by the Guillemot family.

Michel has since been helping his brother Yves, CEO of Ubisoft, to maintain control of the company. According toBloomberg, the Guillemot family’s latest effort has been to buy an additional four million shares in Ubisoft – worth approximately $161 million – to acquire an extra 3.5 per cent of the company.

Head over to Develop for the full story.

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