Vivendi has announced that it has increased its equity stake in Ubisoft and Gameloft, two French companies with internationally-recognized know-how in video games, to respectively 10.39% and 10.20%.
On October 20, 2015, Vivendi held 11.60 million Ubisoft shares and 8.68 million Gameloft shares. These shares were acquired on the market for a total amount of respectively 244 million euros and 34.41 million euros and financed through the Group’s disposable cash.
According to the press release, these investments are part of a strategic vision of operational convergence between Vivendi’s content and platforms on one hand and the Ubisoft and Gameloft productions in video games on the other.
Speaking to GamesIndustry, Ubisoft’s CEO Yves Guillemot claimed that Ubisoft will have to fight in order to preserve its independence.
“We’re going to fight to preserve our independence. We should not let this situation – nor any future actions by Vivendi or others – distract us from our goals. Our best defence is to stay focused on what we have always done best – deliver the most original and memorable gaming experiences.”