Deals
Guillemots Boost Ubisoft Stake to Counter Vivendi’s Advance
- Founding family trying to keep video-game maker independent
- Media conglomerate Vivendi has lifted Ubisoft stake above 20%
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France’s Guillemot family, trying to keep control of Ubisoft Entertainment SA amid Vivendi SA’s encroachment, is boosting its stake in the video-game company with financing from an unidentified bank.
The arrangement allows the family’s company, Guillemot Brothers SE, to increase its holding by about 4 million shares, or 3.5 percent of Ubisoft, according to a statement late Monday. The chunk is worth about 144 million euros ($161 million) based on the latest close. The family held 9 percent of Ubisoft’s capital and 15 percent of the voting rights as of July.