Ubisoft Buys Shares Back To Fight Off Vivendi Takeover
There have long been rumblings about a possible hostile takeover of Ubisoft by Vivendi, with the company steadily increasing its foothold with the publisher. However, it certainly looks as though Ubisoft is trying to at least stall this potential takeover bid, as it has just announced plans to buy back up to four million of its shares. Ubisoft has confirmed that it has granted a mandate to an as-yet-unnamed investment services provider to to handle the repurchasing of shares....