Ubisoft Pledges to “Fight” Against Vivendi’s “Creeping Control” Attempt
During Ubisoft’s conference call for investors and analysts related to the fiscal year ended on March 31st, 2016, CEO Yves Guillemot was asked an update on Vivendi’s attempt to take control of the publisher, given the recent developments and acquisitions:
“Vivendi has a reputation of doing creeping control on many companies and they want to do the same on our company. They just announced publicly that they want to do creeping control on our company, so it’s something we will defend, because we feel that this is going to be in favor of their shareholders instead of being in favor of all the shareholders. So that’s why we’ll continue to fight against that.Advertisement
Now, for making sure that they don’t have board members on Ubisoft, it will be the decision of the shareholders.”
For those unfamiliar with the definition, “creeping control” means taking control of a company little by little, possibly without alarming the target.
Looks like Ubisoft’s management is duly alarmed, but we’ll have to see if they’ll come out victorious in their fight for independence.