Ubisoft Avoid Vivendi Takeover

After two years of slowly buying up Ubisoft stock in an attempt to takeover the French developer, Vivendi have agreed to fully exit from Ubisoft's share capital. Vivendi's 27.3% stake is being sold off to multiple parties, including Ontario Teacher's Pension Plan, Chinese gaming giant Tencent and Guillemot Brothers SE, the company owned by Ubisoft's founders. The shares sold at €66 per share, with the total transaction coming to €2,012,293,800. Vivendi have agreed to not acquire Ubisoft shares for a further five years as part of this deal.

Ubisoft also announced a strategic partnership with Tencent, with the Chinese publisher promising a larger push for future Ubisoft titles in China. This, CEO Yves Guillemot said, would help Ubisoft "fully leverage a market with great potential" in the coming years.