The long-running battle between Ubisoft and Vivendi has finally come to an end, with Vivendi agreeing to sell its entire stake in Ubisoft.
The agreement stipulates Vivendi will sell all of its shares in Ubisoft, which amounts to 27.3% of Ubisoft’s share capital (and 30,489,300 shares). Ubisoft will buy back all shares owned by Vivendi, and Vivendi agrees not acquire any shares in Ubisoft for the next 5 years.
The Ontario Teachers’ Pension Plan and Chinese social media and game development giant Tencent will also enter as long-term investors in Ubisoft as part of the transaction.
Tencent and Ubisoft have signed a strategic partnership agreement to expand Ubisoft’s reach in China moving forward. According to Ubisoft, Tencent will operate, publish, and promote “several of Ubisoft’s most successful titles on PC and mobile in the Chinese market.”
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