Vivendi Fails to Take Over Ubisoft and Sells its Remaining Shares

After experiences of mass media firm Vivendi planning to promote their shares in Ubisoft again in September of 2018, many have been questioning when this could happen. The corporate introduced that it has lastly acted on that plan and now not has any stakes in Ubisoft. This comes after a two-year lengthy battle by which Ubisoft was defending itself from the hostile takeover in makes an attempt to stay unbiased.

Vivendi offered its remaining shares for over $2.three billion, which resulted in a acquire of $248.5 million. Additionally they acknowledged that won’t be trying to buy any shares in Ubisoft for not less than 5 years, per the deal that was reached again in Might of 2018.

Again in 2015, Vivendi bought stakes in Ubisoft and sister firm, Gameloft for $181 billion, mixed. This was shortly earlier than the takeover try started, by which Vivendi wished to have full possession of the writer and developer. Apparently, Vivendi owned 27% of Ubisoft, making it the most important stakeholder previous to the decision of the takeover try. Vivendi additionally owned inventory in Activision Blizzard at one level however offered off its shares of that writer in 2016. The identical yr, they elevated their stakes in Ubisoft in a bid to take over the corporate. Ubisoft responded by saying that they wouldn’t be the identical firm underneath Vivendi and actively attempting to stop the takeover.

Chinese language know-how firm, Tencent and Canada’s Ontario Lecturers’ Pension Plan each personal stakes in Ubisoft at a mixed eight.four%, which remains to be nowhere close to the quantity Vivendi owned. Seeing as how Vivendi nonetheless stays proprietor of Gameloft, the corporate has acknowledged that they wish to proceed to develop, particularly within the online game trade.

Maybe after the five-year deal is over, Ubisoft must cope with this over again. However for now, they will relaxation straightforward realizing that Vivendi gained’t be trying to amass any extra stakes within the firm.

[Source: Variety]

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