Vivendi Puts Off Decision on Ubisoft Hostile Takeover for Now

French media conglomerate Vivendi has been amassing Ubisoft shares over a course of two years. The company is the biggest shareholder at the moment owning approximately 26% of Ubisoft’s shares. By French accounting law, Vivendi is obligated to make a mandatory bid once their shareholder percentage surpasses the 30% mark. Earlier this year, the French giant made it clear that the hostile takeover would happen before the year ends. It won’t be their first rodeo, since they took over Gameloft not so long ago. The gaming sector is the second largest in the content industry after all, so you can’t hardly blame Vivendi for wanting a bigger piece of the pie. However, business plans do change over time. According to Vivendi’s recent third-quarter financial report, the company has postponed the Ubisoft takeover for at least another six months.

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