Ubisoft is looking to drum up Canadian investor support as it attempts to fend of Vivendi’s hostile takeover plans.
Founder and CEO, Yves Guillemot confirmed that Ubisoft officials are meeting with multiple potential investors to build support for the company’s founders and current management.
The French publisher has a large development presence in Canada with the publishers largest studio being based in Montreal. In Canada it employs over 3,000 developers in Montreal, Quebec, Toronto and Halifax.
Guillemot commented on the plan to entice more Canadian investment
We want to increase the number of Canadian shareholders in Ubisoft to have better control over the capital. We feel it’s a good defence.
Vivendi and its billionaire chairman, Vincent Bolloré, picked up a 15% stake in Ubisoft and has also made an unsolicited takeover offer worth some 500 million Euros ($750 million) for Guillemot’s other company, Gameloft.
Vivendi is looking to get back in to the games industry after selling its stake of Activision Blizzard.
The Guillemot brothers that founded the publisher own approximately 9% of the company’s shares with 16% of the voting rights, Blackrock and Fiedelity own about 15% of the company combined and Guillemot claims they side with the brothers.