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Ubisoft and Vivendi Reach Deal for Vivendi to Exit

Category: General News
Posted: 01:04PM

Some time ago Vivendi purchased stock in Ubisoft, and for a number of months there have been concerns Vivendi was trying to take the company over. Ubisoft has been trying to prevent such a move and today revealed plans for doing exactly that with Vivendi selling its entire stake in Ubisoft. Ubisoft is purchasing some of these shares back through a structured transaction, while Guillemot Brothers SE, the Ontario Teachers' Pension Plan, Tencent, and Accelerated Bookbuilding is used to purchase the remaining stake. Vivendi has also agreed to not acquire any shares of Ubisoft for five years and Tencent also has some limitations on it, as part of the agreement. Tencent will not transfer the shares it will acquire and will not attempt to increase its share or voting rights in Ubisoft. The two companies have agreed to a strategic partnership though to accelerate Ubisoft's reach into China.

Source: Press Release

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