Vivendi Will Sell All Of Its Ubisoft Shares By Early March Next Year

Spelling the end of one struggle for Ubisoft.

Posted By | On 28th, Sep. 2018

Though it’s mostly a thing of the past now, thanks to Ubisoft working with Tencent to ward it off, at one point, French media conglomerate Vivendi was looking to acquire Ubisoft. They even purchased a significant portion of shares in the company in their attempt to slowly gain a controlling stake.

Of course, now that we know that nothing is going to come of it, it looks like Vivendi is looking to divest itself of its investment. MCV reports that Vivendi plans to sell off all of the Ubisoft shares that it holds — 6.7% of the total — by March 5, 2019, with 0.91% of those sold being sold off on Monday, October 1, and the remainder in March.

For now, this ends that saga. Vivendi may still look at getting an in on the video game market, but it will probably have to pursue other avenues. Meanwhile, Ubisoft at least doesn’t have to deal with the spectre of a looming hostile takeover bid.


Tagged With: , ,

Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Dead Island 2 Surpasses 10 Million Players

Dead Island 2 Surpasses 10 Million Players

The zombie-slaying first-person action RPG – available on PlayStation, Xbox, and PC – crosses another majo...

Call of Duty: Black Ops 6 Receives Accolades Trailer Upon Release

Call of Duty: Black Ops 6 Receives Accolades Trailer Upon Release

The first-person shooter is available now for Xbox Series X/S, PlayStation 5, Xbox One, PlayStation 4, and PC....

Ratchet and Clank: Rift Apart PS5 Pro Update Adds New Modes and Ray Tracing Options

Ratchet and Clank: Rift Apart PS5 Pro Update Adds New Modes and Ray Tracing Options

Fans of the action platformer can use new Performance Pro or Fidelity Pro modes on the PS5 Pro when it launche...

Marvel’s Spider-Man 2 PS5 Pro Update is Live, New Modes and Toggles Detailed

Marvel’s Spider-Man 2 PS5 Pro Update is Live, New Modes and Toggles Detailed

The update adds Performance Pro and Fidelity Pro for PS5 Pro players alongside toggles to fine-tune ray tracin...

Like a Dragon Gaiden Receives Time-Limited Trial on Steam Until October 28th

Like a Dragon Gaiden Receives Time-Limited Trial on Steam Until October 28th

Experience four hours of the side story for free on PC. It's discounted along with the rest of the franchise u...

Silent Hill 2 Remake Hotfix Addresses Labyrinth Progression Blocker, Adds Steam Cloud Support

Silent Hill 2 Remake Hotfix Addresses Labyrinth Progression Blocker, Adds Steam Cloud Support

Players who found themselves trapped in the location after patch 1.04 can now continue through the story thank...