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!

The Ascent Doesn’t Have Ray-Tracing on Xbox Series X/S

The Ascent Doesn’t Have Ray-Tracing on Xbox Series X/S

Developer Neon Giant confirmed the isometric cyberpunk action RPG only features ray-tracing in its PC version.

Jurassic World Evolution 2 Developer Details Sandbox and Challenge Modes

Jurassic World Evolution 2 Developer Details Sandbox and Challenge Modes

Frontier Developments confirms that several improvements are being mode to returning modes such as Challenge a...

Destruction AllStars Developer Delays Season 2, Releases New Patch

Destruction AllStars Developer Delays Season 2, Releases New Patch

The game's July update fixes several issues, adds new battle pass tiers, online parties for solo game modes, n...

Crimson Desert Delayed to Unknown Date

Crimson Desert Delayed to Unknown Date

Pearl Abyss is dedicating more time "to adding new ideas for an even deeper, enriching game" while ensuring "t...

Resident Evil Village and Monster Hunter Rise Drive Record Q1 Profits for Capcom

Resident Evil Village and Monster Hunter Rise Drive Record Q1 Profits for Capcom

Thanks to the strong sales of major recent releases, Capcom has posted the highest profits in its history for ...

Blacktail Interview – Story, Combat, Morality, and More

Blacktail Interview – Story, Combat, Morality, and More

Bartosz Kapron, CEO and creative director at The Parasight, speaks with GamingBolt about the studio's upcoming...