Vivendi director: Could exit Ubisoft to pursue another

Jun. 30, 2017 3:03 PM ETGameloft SA ADR (GLOFY)VIVEF, GLOFF, UBSFF, UBSFY, VIVHY, GLOFYBy: Jason Aycock, SA News Editor1 Comment
  • With what looks like a run toward a hostile buyout of videogame maker Ubisoft (UBSFY +1.3%), Vivendi (VIVHY -0.8%) isn't ruling anything out, including dropping that stake to pursue another firm instead, according to a key director.
  • Stephane Roussel -- put in charge of Gameloft (OTCPK:GLOFY) after Vivendi took control of that game maker -- tells Le Figaro that if Vivendi pursued another target that cost more than €1B, it could get out of its stake in Ubisoft.
  • That would be a relief to Ubisoft's founding Guillemot family, which has been gearing up to defend a hostile takeover after losing control of Gameloft.
  • Vivendi needs a more powerful firm than Gameloft -- Assassin's Creed maker Ubisoft would fit the bill and be the "most natural solution," Roussel says -- but "it's not Ubisoft or nothing."
  • Le Figaro piece
  • Previously: Ubisoft founders raise stake in attempt to hold off Vivendi (Jun. 27 2017)

Recommended For You

Comments (1)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.