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Vivendi will complete sale of Ubisoft stock by March 2019

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Sep
29

September 29, 2018: Vivendi will sell its remaining Ubisoft stock by March 2019.

After years of the looming threat of a Vivendi takeover, Ubisoft have negotiated a deal to end the media conglomerate’s stake in the game publisher. Vivendi will sell all 30,489,300 they own in Ubisoft, at €66 per share for a total of over €2 billion. Part of the stock will return to Ubisoft, part will go to new investors, and a portion will be going to Ubisoft’s founding family, the Guillemot brothers.

Vivendi currently still holds about a seven percent stake in Ubisoft. By Monday, the company plans to have sold off 0.9% of their interest in the company, and by March of next year its leadership plans to be completely divested, reports PC Games Insider.

“Today, Ubisoft is fully reaping the benefits of our long-term strategy and the successful transformation towards a more recurring and profitable business,” CEO Yves Guillemot said in a shareholder meeting earlier this year. “Ubisoft is perfectly positioned to capture the numerous video game growth drivers in the coming years. We are focused more than ever on delivering on our strategic plan.”

Ubisoft’s new investors include Ontario Teachers’ Pension Plan and more significantly, Tencent. The massive Chinese company has acquired 5% of Ubisoft’s capital, and will enter into a partnership with the French publisher to expand the reach of Ubisoft games in China, including as-yet-unspecified titles on PC and mobile.
Source: pcgames

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