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Vivendi to Sell All Ubisoft Shares by March 2019

September 28, 2018
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Vivendi will be ending their long battle with Ubisoft by March of 2019.  Vivendi has steadily been buying up Ubisoft shares in an attempt at what is called a “hostile takeover” in order to acquire the company over the past several years.

Vivendi still owns about 7% of Ubisoft shares, having already sold off the other portion earlier this year.  The remaining shares are currently in pending deals with two “institutions” with 0.9% to be sold October 1st and the remainder to be sold on March 5, 2019.

This is great news for Ubisoft fans considering that this will allow the company to maintain creative control over their IP which is really something that benefits not just Ubisoft, but the fans as well.

Personally, I don’t like it when a company tries to take over another by using a backdoor such as buying up shares.  I know it is part of the game but Ubisoft isn’t the first occurrence of Vivendi doing something like this and for that I have really come to have a serious distaste for them.

Let us know your thoughts in the comments and be sure to hop over to our Community forums and strike up a new conversation!

Source

SourceCode, aka Lucas Hughes, is the creator/owner of Nintendo Playroom.  He spends his days primarily as a husband/father/programmer/gamer.  He loves all things Nintendo and is very passionate about the Nintendo community.

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SourceCode

SourceCode, aka Lucas Hughes, is the creator/owner of Nintendo Playroom.  He spends his days primarily as a husband/father/programmer/gamer.  He loves all things Nintendo and is very passionate about the Nintendo community.

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