Vivendi has now offered all of its remaining stake in Ubisoft.
Vivendi, the French media conglomerate, has offered all of the remaining shares it had invested in Ubisoft. The the rest amounted to a 5.9% stake, and introduced in €220 million ($249 million) in capital.
By doing this, Vivendi has introduced an finish to its quest for a takeover of Ubisoft, which the latter had been working to fend off – seeing it as hostile – since Vivendi first made its intentions clear back in 2015.
At one level, Vivendi’s stake in Ubisoft was over 27%, and the corporate was nearer than ever to having a say in Ubisoft’s selections.
After months of negotiations, and offers with Tencent, and Canada’s Ontario Teachers’ Pension Plan – Ubisoft managed to re-buy these shares, reaching independence.
Vivendi agreed at time to not purchase any extra of Ubisoft’s for no less than 5 years. Vivendi reiterated this dedication in a press launch this week.