Deals
Ubisoft Rises as Vivendi Adds to Stake, Fueling Bid Speculation
- Vivendi holds 20.1%; not considering bid for next 6 months
- Ubisoft shares are among top gainers in French market
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Ubisoft Entertainment shares rose after Vivendi SA added to its stake in the videogame company, fueling renewed speculation of a potential takeover bid for the creator of games such as Assassin’s Creed.
Vivendi now holds 20.1 percent of Ubisoft’s stock and is considering acquiring more shares depending on market conditions, the Paris-based company said in a statement Friday after markets closed. Vivendi previously held about 18 percent. The group run by Vincent Bollore aims to build “a fruitful cooperation” with Ubisoft and isn’t considering a public tender offer for the game maker, nor acquiring the control for the next six months.