After years of the looming risk of a Vivendi takeover, Ubisoft have negotiated a deal to finish the media conglomerate’s stake within the sport writer. Vivendi will promote all 30,489,300 they personal in Ubisoft, at €66 per share for a complete of over €2 billion. Part of the inventory will return to Ubisoft, half will go to new traders, and a portion might be going to Ubisoft’s founding household, the Guillemot brothers.
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“Today, Ubisoft is fully reaping the benefits of our long-term strategy and the successful transformation towards a more recurring and profitable business,” says CEO Yves Guillemot. “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 traders embrace Ontario Teachers’ Pension Plan and extra considerably, Tencent. The large Chinese firm has acquired 5% of Ubisoft’s capital, and can enter right into a partnership with the French writer to develop the attain of Ubisoft video games in China, together with as-yet-unspecified titles on PC and cellular.
If you’re curious concerning the remaining numbers, right here’s the place all the shares previously held by Vivendi will go, and what number of whole Ubi capital they characterize.
- Ontario Teachers’ Pension Plan – 3,787,878 (3.4%)
- Tencent – 5,591,469 (5.0%)
- Guillemot Brothers SE – 3,030,303 (2.7%)
- Ubisoft buy-back – 9,090,909 (8.1%)
- To be resold – 8,988,741 (8.0%)
It’s actually a serious victory for Ubisoft, who’ve been combating onerous to keep up their independence ever since Vivendi started making overtures at a takeover, with even their E3 conferences containing loads of hopeful pleas that they could preserve their independence. Vivendi said in November they’d no intentions of staging a takeover for not less than six months, and plainly assertion might be holding for much longer.
The specifics of the deal make doubly excellent news for the writer, as their new partnership with Tencent opens doorways to the large gaming market in China with assist from the area’s largest sport distributor.
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