Vivendi is still seemingly trying to stage a takeover of Ubisoft, which remains opposed to the idea. On Wednesday, Ubisoft announced it had reached a deal with an "investment services provider" that'll enable the company to buy back up to 4 million shares this year. Vivendi would be unable to buy them.
The hostile takeover has been in progress for years. Vivendi has been growing its percentage of shares. As of now, it's at 27% of shares and French law would mandate Vivendi pursue a controlling stake at 30%.
If all of the shares in question are bought back, that'll mean spending around €240 million.
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