Home deals Ubisoft is buying back up to 4 million shares in Vivendi battle

Ubisoft is buying back up to 4 million shares in Vivendi battle

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Photo via Marie C. Dietlin on Vimeo under the Creative Commons License

Venture Beat reports: “Ubisoft is stepping its defense against Vivendi’s hostile takeover attempts. The video game publisher, one of the giants of the industry, announced today that it granted a mandate to an investment services provider to buy back up to 4 million of its own shares. It can do this from today until December 29. Ubisoft buying more shares will make it more difficult for Vivendi to reach 30 percent ownership. This will give the Guillemot family a better chance to hold onto its company.”

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