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"Soon after Vivendi announced they owned 20.10% of Ubisoft shares a few days ago, Ubisoft launched an employee share ownership plan called MMO 2016. The goal is to allow employees to buy shares at a discounted price.
According to the press release, the offer aims to "develop employee share ownership in order to more closely associate its employees with the growth and future results of the group". The offer allows members of the Ubisoft group to buy shares at 15% below market price. There is one condition: the shares are frozen for five years and can't be resold during that period.
This won't disrupt the group's ownership, since the total amount of shares that can be sold can't exceed 3%. However, this move can be seen as a way for Yves Guillemot's company to protect parts of its shares, in a context made tense by Vivendi: the company now owns over 20% of Ubisoft's shares"Loading …
"Vivendi has increased its stock holding in Ubisoft, taking itself past the 20% watershed but denying that a hostile takeover bid is imminent." - gamesindustry.bizLoading …
Vivendi increases its stake in Ubisoft to almost 18%
The company denies that it's trying to take over the Assassin's Creed publisher, however
- GamesIndustry.bizLoading …
"The multinational media company Vivendi has acquired minority stakes in both Ubisoft and Gameloft, representing 6.6 per cent and 6.2 per cent of their respective stock.
The price of the investments was €140.3 million for Ubisoft and €5.24 million for Gameloft, a vast difference given the proportional similarity of the stock.
Vivendi has long been associated with the industry, operating the Vivendi Games publishing unit until 2008. That ended when it merged with Activision, forming Activision Blizzard, and its direct involvement with games publishing culminated when Activision CEO Bobby Kotick led an $8 billion buyout in 2013."
- gamesindustry.bizLoading …
|Vivendi Universal Games|
|Created||2013-03-26 06:51 pm|
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