Ubisoft Has Successfully Remained Independent of Vivendi
Vivendi announced on Tuesday that it has sold the remaining Ubisoft shares it had and it will not try to purchase shares in Ubisoft “for a period of five years.”
The company had made public its intention to sell the shares last year. The takeover effort had started back in 2016 and was heavily criticized by Ubisoft at the time.
“As expected, Vivendi has sold the remaining part of its interest in Ubisoft (5.87% of the share capital) for an amount of €429 million, representing a capital gain of €220 million,” the official announcement read. “Vivendi is no longer a Ubisoft shareholder and maintains its commitment to refrain from purchasing Ubisoft shares for a period of five years.”
“In total, the sale of Vivendi’s interest in Ubisoft represents an amount of €2 billion and a capital gain of €1.2 billion,” the announcement continued. The announcement added that the company will “continue to strengthen its position in the video games sector.”
What do you think of this news? Are you glad that Ubisoft is staying independent or not? Let us know your thoughts on this news story in the comments section below the article.