Spelling the end of one struggle for Ubisoft.
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.