Guillemot Brothers Announce Share Purchase Financing Agreement as Defense Against Vivendi Continues
Ubisoft announced that Guillemot Brothers SE, an entity owned by the Guillemot family, has entered an agreement with an undisclosed bank to finance the purchase of up to 4 million Ubisoft shares, or roughly 3.5% of shares outstanding. The agreement comes as the Guillemot family continues its attempt to rally independent shareholders against the possibility of a potential hostile acquisition by Vivendi. While Vivendi has repeatedly stated that it does not intend to tender an offer for Ubisoft, Vi...Ubisoft Entertainment is an international independent developer, publisher & distributor of video games. Co. centers its business activities on developing, publishing & distributing video games for portable & home consoles, the PC, smartphones & tablets in both physical & online formats: high-definition with games for Xbox 360, PlayStation®3 & PC; casual with games for Nintendo®, KINECT & PlayStation®3 Move; and online for on-line games. Co.'s catalogue includes various types of games: Action/Adventure, Shooters, Sports, Strategy, Simulation, TV and Movie licenses, Games for everyone and Driving. Co.'s trademarks include Assassin's Creed®, Rainbow Six® Vegas 2, and Rayman Raving Rabids®.
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