Tuesday September 06, 2016

Ubisoft Says Guillemot Brothers In Deal To Buy 4M Ubisoft Shares

I'm not sure if this move is to help fend off a hostile takeover by Vivendi or what but the Guillemot brothers just snatched up four million shares of Ubisoft. The last time I checked, Vivendi owned about twenty percent of Ubisoft's voting shares.

Ubisoft said on Monday that Guillemot Brothers SE and a bank had entered into an agreement related to the purchase of up to 4,000,008 shares in the French video game maker, representing 3.5 percent of Ubisoft's total share capital.