Ubisoft seeking Canadian investors help against Vivendi takeover

By Sherif Saed, Friday, 26 February 2016 12:19 GMT

Ubisoft is enlisting the help of Canadian investors to fend off Vivendi takeover.

ubisoft

The French media conglomerate Vivendi has been making a number of moves to secure more and more stocks of French publisher Ubisoft. The move is one sided, with Ubisoft publicly calling it “unwelcome”.

On its part, Ubisoft wants to retain its independence and prevent being absorbed into Vivendi. One of the ways it’s hoping to achieve that, is to court Canadian investment, home of over 3,000 developers employed by the company.

According to a report from Canadian paper The Globe and Mail, CEO Yves Guillemot wants to attract investment from the national and Quebec governments, and has already met with Canada’s Prime Minister Justin Trudeau and Quebec’s Premier Philippe Couillard.

Guillemot told the paper that Ubisoft assets would be better managed and protected as long as the company remains independent.

Thanks, Gamasutra.

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