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JP Morgan says no plans to take control of Ubisoft despite stake


Reuters

PARIS, Sept 14 (Reuters) - U.S. bank JP Morgan said it had no plans to take control of video games maker Ubisoft, making the statement after a disclosure that it indirectly held about 11 percent of Ubisoft's shares.

France's AMF markets regulator published a filing on Wednesday showing JP Morgan's position.

Via its indirect holding, the Wall Street bank is Ubisoft's third-largest shareholder behind media giant Vivendi and Ubisoft's founding family the Guillemots.

Vivendi and the Guillemots have been at odds as Vivendi's repeated attempts to get board representation at Ubisoft have been vehemently opposed by the Guillemots.




This article appears in: World Markets , Stocks , Banking and Loans , Technology


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