Ubisoft CEO reiterates
desire to keep group independent, eyes Netflix series
Send a link to a friend
[November 07, 2016]
PARIS (Reuters) - The head of French software
games developer Ubisoft reiterated on Monday his desire
to keep Ubisoft independent, in the face of pressure
from shareholder Vivendi, and added Ubisoft was in talks
with Netflix over a series.
Yves Guillemot, CEO of Ubisoft, speaks on stage during
the Ubisoft E3 conference at the Orpheum theatre in Los
Angeles, California June 15, 2015. REUTERS/Mario Anzuoni
Vivendi has been gradually increasing its stake in Ubisoft, and
holds more than 20 percent at the moment. But Vivendi ruled out
making a hostile takeover bid for Ubisoft in October.
Ubisoft's chairman and chief executive, Yves Guillemot, also
told reporters at a news briefing that there had been no new
contact with Vivendi.
Guillemot added Ubisoft was considering acquisitions in the
50-100 million euros ($110.7 million) price range, primarily in
the mobile phone games sector, and that Ubisoft was considering
hiring 500-1,000 staff in France over the next five years.
He also said Ubisoft's founding family was looking at ways in
which they could have the most control over Ubisoft.
($1 = 0.9033 euros)
(Reporting by Gwenaelle Barzic, writing by Sudip Kar-Gupta;
Editing by Brian Love)
[© 2016 Thomson Reuters. All rights
Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.