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...
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