Vivendi Sells Remainder Of Ubisoft Shares

After Vivendi’s takeover of Ubisoft fell through, they still had some shares of the company that they held on to. However, with their bid for Ubisoft now having fallen through, they have sold the remainder of their shares, as they had originally promised. They earned $248.5 million from the sale of the shares, Variety reports, and now are no longer a Ubisoft stakeholder in any capacity.

The sale netted Vivendi a capital gain of €1.2 billion ($1.4 billion). The media conglomerate has noted it will stand by its commitment to refrain from purchasing Ubisoft shares for a period of five years, which means that at least for now, Vivendi gets no stake whatsoever in Ubisoft.

For Ubisoft, this means that the Guillemots, including CEO Yves Guillemot, retain control of the publisher, and, ostensibly, the kind of creative control that has allowed the company to become one of the biggest publishers with the most varied output of games in the industry.