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Ubisoft founders the Guillemot brothers have upped their stake in the French publisher by 3.5 percent after acquiring a further four million shares.

Chris Kerr, News Editor

September 6, 2016

1 Min Read

Ubisoft founders the Guillemot brothers have upped their stake in the French publisher from 9 percent to 12.5 percent after acquiring a further four million shares. 

It's a move that could help the family fend off a hostile takeover from French multimedia conglomerate, Vivendi, which recently seized control of mobile powerhouse Gameloft -- also founded by the Guillemots. 

For its part, Vivendi currently holds a 22.8 percent stake in Ubisioft along with 20.2 percent of the company's voting rights. 

Ubisoft CEO Yves Guillemot has repeatedly stressed the importance of fighting for independence, spurning Vivendi's advances at every turn. 

Despite that public show of resistance, Vivendi marches on, and earlier this year said it was "considering continuing to acquire shares depending on market conditions."

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About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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