Breaking News

Vivendi sells its stake in Ubisoft for 2,000 million

27.3% of the French group will go to the Chinese conglomerate Tencent, the Guillemot brothers and a pension fund.

End one of the most important soap operas of recent years. After many comings and goings, Vivendi will sell 27.3% of its social participation in Ubisoft for more than 2,000 million euros. The move comes after an agreement between the two French companies and involves another entertainment giant, Tencent.

The operation is structured in the following way. Tencent, the fifth most valuable company in the world, will buy 5% of Ubisoft; Ontario Teachers' Pension Plan, a Canadian pension fund, will be made with 3.4% of the developer; the Guillemot brothers, founders of the French gaming giant, will acquire 8.1% and 2.7% respectively. The remaining 8% belonging to Vivendi will be sold at 66 euros per share through an accelerated placement among institutional investors.

Vivendi agrees not to buy back Ubisoft shares in the next five years. Likewise, the French company explained how this participation was achieved in the last three years paying a total of 794 million euros.

As part of the transaction, Tencent and Ubisoft have signed a strategic partnership agreement. This will allow the expansion of the brands of those also responsible for Far Cry or Rainbow Six Siege in the Asian territory. The Chinese conglomerate owns Riot Games (League of Legends) and Supercell (Clash Royale) among other studios and is present in the capital of more companies in the sector such as Epic Games.

No comments