Vivendi Gives Up on Ubisoft Quest as Tencent and Ontario Teachers Step In
Ubisoft and Vivendi announced a share purchase agreement on Tuesday under which Ubisoft and other investors would buy Vivendi’s 27.3% stake in Ubisoft for EUR 66 per share, slightly below the March 20 closing price of EUR 68.56. This agreement marks the end of Vivendi’s attempt to control and/or buy Ubisoft, a quest that began in October 2015. For Vivendi, the agreement is a much more elegant and profitable exit from Ubisoft than we previously expected as the firm will receive EUR 2 billion, rep...Ubisoft Entertainment is an international independent developer, publisher & distributor of video games. Co. centers its business activities on developing, publishing & distributing video games for portable & home consoles, the PC, smartphones & tablets in both physical & online formats: high-definition with games for Xbox 360, PlayStation®3 & PC; casual with games for Nintendo®, KINECT & PlayStation®3 Move; and online for on-line games. Co.'s catalogue includes various types of games: Action/Adventure, Shooters, Sports, Strategy, Simulation, TV and Movie licenses, Games for everyone and Driving. Co.'s trademarks include Assassin's Creed®, Rainbow Six® Vegas 2, and Rayman Raving Rabids®.
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