According to Reuters, Vivendi’s share of Ubisoft has gone from 10% to 17.73% since October of last year. The company also now has 15.66% voting rights in the company as well.
Ubisoft has been seeking investors to prevent a potential hostile takeover. Ubisoft has been approached by potential partners all over the world and has even admitted they would love an investment from the Canadian government.
Reuters did note that Vivendi “has no plan to seek control of Ubisoft or submit a public offer for outstanding shares.” If Vivendi purchases another 12% they will be required to make a mandatory takeover bid similar to what they did with Gameloft.