Vivendi now owns over 20% of Ubisoft shares

Vivendi has now gobbled up more than 20 per cent of Ubisoft shares, as its concerted effort for control in the family-owned games company continues.

Earlier this month, Vivendi took over Gameloft, the mobile games company owned by Michel Guillemot, brother of Ubisoft boss Yves Guillemot.

And there’s no end in sight to Vivendi’s buy-up of Ubisoft shares. The company has said it is “considering continuing to acquire” more and also looking for a seat on Ubisoft’s board “consistent with its shareholder position”.

Vivendi has seized control of Guillemot brothers’ mobile publisher Gameloft

UPDATE 01/06/2016 11.55pm: Gameloft SE chairman and CEO Michel Guillemot is allegedly planning to resign, according to a report from .

Sources say Michel Guillemot will join his brother, Ubisoft CEO Yves Guillemot, to protect the Assassin’s Creed publisher from undergoing a similar Vivendi takeover.

Vivendi has already seized control of nearly 18 per cent of Ubisoft’s capital while the Guillemots control 15 per cent of the votes on the publisher’s board.