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French video game giant Ubisoft has recorded strong revenue in the recent past, thanks to a stable of consistent hits like Rainbow Six: Siege, Ghost Recon: Wildlands and the Assassin's Creed franchise. Even the oddball crossover Mario Rabbids: Kingdom Battle for Nintendo Switch found success earlier this year. But Ubisoft's steady run of success has not saved the company from talk of a possible hostile takeover by fellow French media corporation Vivendi. The good news for Ubisoft: It does not seem like a takeover will happen in the immediate future. Vivendi said it will not attempt a takeover in the next six months.

Google-parent Alphabet, which has enjoyed revenue growth rate of over 20 percent for the past five quarters, said on Monday that TAC, or traffic acquisition costs, jumped 28 percent to $5.09 billion in the second quarter. MILAN/PARIS (Reuters) – France's Vivendi has tightened its grip on Telecom Italia by removing its CEO Flavio Cattaneo and paving the way for a joint venture between its own pay-TV Canal and the Italian group, in a boost to the French firm's ambitions to become a southern European media powerhouse. SAN FRANCISCO (Reuters) – Silicon Valley baron Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators. SAN FRANCISCO (Reuters) – Twitter Inc heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40 percent since April when much of Wall Street was ready to write off the tech company.

Vivendi has also been gradually raising its stake in Ubisoft, best known for its Assassin's Creed and South Park video games, with Vivendi currently holding 27 percent of Ubisoft's share capital and 24.5 percent of the voting rights.

French media conglomerate Vivendi may look to acquire developer Ubisoft this year, possibly through a hostile takeover, Reuters reported. Vivendi has been acquiring shares of the French video game developer for several years. In December, Vivendi confirmed it had obtained a 25 percent stake in Ubisoft and, as GamesIndustry noted, the company would be required to make a formal purchase bid for Ubisoft if its ownership stake surpasses 30 percent. Vivendi has publicly denied it wants to acquire Ubisoft. In a statement last year, the company said it hoped to work alongside Ubisoft and was "not considering the launch of a public tender nor acquiring the control of the company."

"The lack of visibility over Vivendi's intentions regarding its existing stakes (Telecom Italia, Mediaset) and a potential acquisition of Havas could remain an overhang on Vivendi's share price in the near term," Lisa Yang, an analyst at Goldman Sachs, said in a note to clients this month.

When Tencent Holdings finalized its 8.6 billion acquisition of "Clash of Clans" developer Supercell from Japan's Softbank on Tuesday, it was just the latest strategic move from what is rapidly becoming one of the biggest power players in the global video game industry. In fact, most of your favorite games are connected in some way to the Chinese internet giant -- whether you know it or not. When people think of smartphone games, in addition to "Clash of Clans," titles such as "Candy Crush," or maybe "Kim Kardashian Hollywood," come to mind. Supercell has also developed "Clash Royale," "Boom Beach" and "Hay Day." It turns out Tencent has invested in all of those companies, developing games that are being played every day.