Vivendi isn't letting up on their endeavor to get in on Ubisoft's shares, in fact, they are taking more and more. Today, Vivendi announced that they have made it to 24% of Ubisoft's capital and now have 21% of their voting rights.
While the announcement came today, Vivendi, a French multimedia company, revealed that they had actually hit this mark last week on November 4th. The worst part of Vivendi's announcement is that Ubisoft recently reiterated their determination to stay independent from Vivendi.
In the past few months, Ubisoft began buying back their shares hoping to keep Vivendi's hostile takeover at bay. The situation appears to be getting dire, a recap shows that within the last nine months Vivendi has more than doubled their ownership of Ubisoft shares.
According to accounts, the multimedia company has been sneaking around offering more and more money for stocks in the company. Vivendi began at owning 10% of Ubisoft's shares, but they have slowly been taking more and more. In February they jumped to 15%, then to 20% in June. The multimedia company has jumped to owning upwards of 22.8% of Ubisoft, with 20% of the voting rights in their hands.
Now they own 24% of shares and 21% of the voting rights, who knows what the future holds.
[Tradingsat via NeoGaf]
