- With what looks like a run toward a hostile buyout of videogame maker Ubisoft (UBSFY +1.3%), Vivendi (PA:VIV) (VIVHY -0.8%) isn't ruling anything out, including dropping that stake to pursue another firm instead, according to a key director.
- Stephane Roussel -- put in charge of Gameloft (OTCPK:GLOFY) after Vivendi took control of that game maker -- tells Le Figaro that if Vivendi pursued another target that cost more than €1B, it could get out of its stake in Ubisoft.
- That would be a relief to Ubisoft's founding Guillemot family, which has been gearing up to defend a hostile takeover after losing control of Gameloft.
- Vivendi needs a more powerful firm than Gameloft -- Assassin's Creed maker Ubisoft would fit the bill and be the "most natural solution," Roussel says -- but "it's not Ubisoft or nothing."
- Le Figaro piece
- Previously: Ubisoft founders raise stake in attempt to hold off Vivendi (Jun. 27 2017)
- Now read: Does Adobe have Competition? Not Really
Original article