Vivendi will say goodbye to all Ubisoft shares only by March next year
The story of Vivendi’s sale of its stake in Ubisoft has dragged on. Back on March 20, it was announced that Vivendi would get rid of the developer’s shares. But, as it became known today, the company will finally say goodbye to the assets of the authors of Assassin’s Creed only in March next year.
Recall that in 2016-2017 there was a threat of a hostile takeover of Ubisoft by the Vivendi media empire. However, against the background of the success of the projects of the Guillemot brothers company and the decline in the performance of Gameloft, another gaming company just absorbed by Vivendi before that, the purchase did not take place. Instead, Vivendi announced an agreement with Ubisoft, under which it pledged to sell its stake in the developer to a number of investors in the amount of € 2 billion.
The papers have been signed, but the agreements are still in the process of being implemented. Vivendi still has a stake in the French developer. Of the 30 million shares she had in March, she now has 7.5 million. It will implement them by March next year, having raised € 500 million on this (included in the billions mentioned earlier).
By the way, Vivendi has no right to buy Ubisoft shares for the next five years.
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