Publisher Vivendi Universal Games has flatly denied rumours that it is in negotiations with Ubisoft regarding a possible merger or takeover, quashing speculation which stemmed from a French newspaper report.
In a terse statement issued yesterday, VU Games said simply that "in view of the rumours reported in the press, Vivendi Universal denies that any negotiations are taking place concerning the takeover of Ubisoft."
The company was responding to a report in French newspaper L'Agefi, which said that VU Games was considering a buyout of the rival publisher and cited sources close to the rumoured deal saying that talks had already taken place between the firms.
Click "...Read More" to view the rest of the article.
News source: gamesindustry.biz