One ongoing major story in the video game industry over the last couple of years has been Vivendi's -- apparent -- impending hostile takeover of Ubisoft. But, in light of Ubisoft CEO Yves Guillemot's recent attempts to hold on to more of the company, it looks like Vivendi might be backing off from its gaming ambitions. For now, at least.
Vivendi said in their Q3 earnings statement that while they fully intend to pursue more activity in the gaming sector (their shares in Ubisoft represent a $1.1 billion dollar investment), they have no intention of doing that in the next 6 months. In the press release, they clearly state that they won't be 1) jumping past the 30% threshold that would require them to make a bid on the company, and 2) won't be pursuing representation on Ubisoft's board of directors. That's all great news for Ubisoft and the Guillemots, because it means they've got 6 months to breathe a sigh of relief.
However, the company won't exactly be sitting on their laurels. Ubisoft said in a statement: "Ubisoft takes note of Vivendi’s statement. We will remain vigilant about their long-term intentions and will continue to pursue our strategy of growth and value creation in the interest of all our shareholders."
Translation: come at me, bro.