Will Vivendi Purchase Ubisoft And Gameloft?
Slowly however certainly, Vivendi is making an attempt to get again into the online game business. After promoting again its stake into Activision Blizzard in 2013, the corporate is taking a look at one other online game big — Ubisoft. Right here’s a fast recap.
Ubisoft is likely one of the largest recreation builders and publishers on the planet behind in style franchises, corresponding to Murderer’s Creed, Far Cry, Tom Clancy video games and extra. Gameloft is a profitable cellular developer that copies in style gaming licenses and port them over to iOS and Android.
On October 14, Vivendi introduced that it had purchased 6.6 % and 6.2 % of Ubisoft and Gameloft, respectively. However that was just the start. One week later, the corporate introduced that it owned 10 % of every firm.
As of in the present day, Vivendi owns 17.34 % of Gameloft, representing 15.34 % of voting rights. It additionally personal 10.eighty one % of Ubisoft. In some ways, Vivendi is appearing like an activist investor, shopping for shares on the general public market to realize board management.
Particularly, Vivendi isn’t negotiating with different Ubisoft shareholders and members of the administration workforce. And guess what — they’re indignant!
The Guillemot brothers based each corporations they usually nonetheless personal a big chunk of each. Yves Guillemot heads Ubisoft, whereas Michel Guillemot heads the opposite. They need to forestall a Vivendi acquisition.
For now, Vivendi and the Guillemot household are preventing utilizing public statements. Briefly, Vivendi is saying that it doesn’t exclude buying a majority stake in each corporations, and the Guillemot brothers are saying that they don’t need that.
As a short lived repair, the Guillemot brothers elevated their stake into Gameloft. They now personal 15.sixty four % of Gameloft, representing 24.18 % of voting rights. It makes it a bit more durable for Vivendi to seize management of the board.
However growing their share in Gameloft was straightforward as the corporate is just value $520 million whereas Ubisoft is value $three.1 billion. Ultimately, will probably be arduous to cease Vivendi if it actually needs to accumulate Ubisoft.
As a reminder, Vivendi owns Common Music Group, Canal+, Dailymotion and has a number of money on account of current operations. Particularly, Vivendi lately bought SFR, a telecommunications corporations.
The Guillemot brothers are ready for a white knight, an organization with deep pockets that might work with Ubisoft’s and Gameloft’s administration groups to accumulate a big stake in each corporations and cease Vivendi. However it’s been a number of months already, and there’s no white knight in sight.