Ubisoft fights hostile takeover bid from Vivendi

[Administrator]

Ubisoft is one of the world's biggest gaming companies, so the idea it could be targeted by a hostile takeover feels like an odd one.
But that's exactly what's happening right now, as French conglomerate Vivendi gobbles up Ubisoft shares to gain ever more influence over the family-run enterprise.
Vivendi has been after a stake in Ubisoft since last autumn. It bought a 6.6 per cent of the company in October (that's 7.36m shares, which came with a price tag of $161m).
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