Ubisoft founding family raises stake to ward off Vivendi

Ubisoft founding family raises stake to ward off Vivendi

France’s Guillemot family has raised its stake in videogames maker Ubisoft UBIP.PA , according to a stock market filing released on Tuesday, as part of their ongoing battle to fend off Vivendi’s VIV.PA rival interest in the company. Ubisoft, who’s best known for making million-dollar blockbuster games like Assassin’s Creed, has been embroiled in a battle for against French media giant Vivendi, who owns a considerable stake in the company.

Ubiblog asked Ubisoft CEO Yves Guillemot about Splinter Cell at E3 and Guillemot had this to say: “What we can say is that we are receiving lots of sketches and proposals around the brand and we are going to pick one up”. Vivendi, by comparison, now holds 27% of capitol and 24.5% of voting rights. Last year, Ubisoft expanded its board with two new independent directors, bringing independent representation to the 50% mark. So clearly Ubisoft is open to pitches for a new game in the series and they do plan on saying yes once they find the right one. Ubisoft, whose shares hit a record high earlier this week, has recently made a strong push to support live-service games. And now, the Guillemots fear that Vivendi is attempting the same with Ubisoft.