Vivendi said today that its stake in French game publisher Ubisoft now exceeds 25 percent, pushing the company over a legal threshold and possibly triggering a takeover battle.
Paris-based Vivendi took over Gameloft, a mobile game publisher started by the same Guillemot family that leads Ubisoft, last year using the same sort of creeping share acquisition strategy. Now, Vivendi holds 25.15 percent of Ubisoft’s shares and 22.92 percent of its voting rights based on the most recent data available on October 31. If Vivendi acquires more than 30 percent of the stock, it is required under French law to make an offer to buy the entire company.
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