Report: Vivendi's takeover of Ubisoft planned for this year

[Luke888]

Ka-pi96 said:

hunter_alien said:

I think that hostile takeover is a term used when an entity tries to take over another entity whose majority of their board does not want it, but does not posess enough shares to stop the legal procedures from starting.

Yeah, this. It's not just a "buzz word" it's an official term.

Kinda sucks for the Ubisoft owners... but if they didn't want to get taken over they shouldn't have put over half the company on the public market...

Yup, I can confirm this, Vivendi is trying to purchase various companies, among which are Ubisoft in France and Mediaset in Italy, in Italy Vivendi was sued for hostile takeover since to prevent small companies from being taken over there's a set maximum percentage of shares a company/individual can buy in a set timeframe so that the company can react to the buyers. Vivendi exceeded said percentage so they were sued, probably a similar law exists in France aswell...