Vivendi has increased its stake in Ubisoft to 24%

The Guillemot family may lose Ubisoft after Gameloft. French media giant Vivendi has announced that it owns more than 24% of Ubisoft shares.

The company now also has more than 21% of the votes of the authors of the Assassin’s Creed series.

Recall that in June Vivendi had 20% of the shares and 17% of the votes of Ubisoft. Then Vivendi said that it was not going to buy out a controlling stake in Ubisoft in the next six months. Six months have passed, plans have apparently changed. However, Vivendi representatives insist that they do not want a hostile takeover.

Yves Guillemot, CEO of Ubisoft, said yesterday that the company should remain independent. He is not going to communicate with Vivendi. Ubisoft itself is now set to work with Netflix on a series on one of the gaming IP and to buy gaming businesses worth $110 million (mainly in the mobile segment).

Source: businesswire.com