Vivendi sells entire stake in Ubisoft, ending what appeared to be a hostile takeover

After years of what appeared to be a hostile takeover of Ubisoft by media conglomerate Vivendi, the battle has finally come to an end. Vivendi has sold all of its stakes in Ubisoft, with the Guillemot family regaining control of the publisher.

Though the Guillemot family bought back a majority of Vivendi’s shares, which represented about 27.3% of Ubisoft’s capital, two other investors acquired shares as well. Ontario Teachers’ Pension Plan bought 3% of the company while Tencent, the Chinese conglomerate that owns League of Legends developer Riot Games, purchased 5% of Ubisoft’s capital.

“The evolution in our shareholding is great news for Ubisoft,” said Ubisoft CEO Yves Guillemot in a statment. “It was made possible thanks to the outstanding execution of our strategy and the decisive support of Ubisoft talents, players and shareholders. I would like to warmly thank them all.

“The investment from new long-term shareholders in Ubisoft demonstrates their trust in our future value creation potential, and Ubisoft`s share buy-back will be accretive to all shareholders. Finally, the new strategic partnership agreement we signed will enable Ubisoft to accelerate its development in China in the coming years and fully leverage a market with great potential.”

Back in October, Ubisoft bought back 4 million of its own shares in an attempt to ward off a takeover from Vivendi. At the time Vivendi owned 27% of Ubisoft’s capital share, and French law mandates that Vivendi make an offer for the company once it held 30%. Thanks to this new announcement today, this scenario has been avoided.

Vivendi will not buy any shares from Ubisoft for five years as part of the agreement.

While not specifically referencing the situation, Ubisoft recently shared a tweet thanking all of its fans for their support.

Via: GamesIndustry.biz

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