Ubisoft shareholder Vivendi not planning hostile takeover (translated)
13 OCT 2016
The French media group Vivendi [EPA:VIV] is not planning to make a hostile takeover attempt for French videogames publisher Ubisoft [EPA:UBI], French daily Le Figaro reported.
Stephane Roussel, head of operations at Vivendi, was quoted for the information in the article.
As previously reported, Ubisoft was seeking to prevent attempts of a creeping takeover by 22.72% shareholder Vivendi. The French media group was reportedly asking to have representatives seating at the board of the group.