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French multinational media conglomerate, Vivendi, has made another move on Assassin's Creed creator, Ubisoft.

Chris Kerr, News Editor

April 29, 2016

1 Min Read

French multinational media conglomerate, Vivendi, has made another move on Assassin's Creed creator, Ubisoft. 

According to a report by Reuters, a letter to French stock market regulator, the AMF, shows Vivendi now holds 17.73 percent of Ubisoft's company value, along with a 15.66 percent share of its voting rights. 

Despite its continued advances -- which Ubisoft CEO, Yves Guillemot, last year branded "unsolicited and unwelcome," -- Vivendi says it has no immediate plans to seek control of Ubisoft, or table a public offer for any outstanding shares. 

Vivendi's interest in Ubisoft began late last year, when it purchased a 10.39 percent stake in the developer for 244 million euros. 

At the same time Vivendi also began buying up shares in French mobile studio, Gameloft, eventually snapping up 30 percent of the company's stock to force a mandatory takeover bid

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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