Evil Within 2

Vivendi sells its remaining shares in Ubisoft

Vivendi sells its remaining shares in Ubisoft

Over four years since Vivendi purchased the initial Ubisoft shares, the French mass media conglomerate has sold the last of its share’s, with total sales exceeding €2 billion, resulting in a capital gain of €1.2 billion for Vivendi.

The original investment came in 2015 when Blomberg reported that Vivendi had purchased shares in both Ubisoft and Gameloft, at €140-million for a 6.6% stake in Ubisoft and €19.7-million for a 6.2% share of Gameloft.

In the same month, Yves Guillemot described Vivendi’s Ubisoft purchase as ‘unsolicited and unwelcome’, leading the industry on  a 4-year long tug of war between the pair, Guillemot adding “We’re going to fight to preserve our independence.” and that Vivendi was, “managed by people who don’t understand our expertise and what it takes to succeed in this industry”.

In 2016 Ubisoft celebrated its 30th year, presenting a united front as the threat of a Vivendi take over grew ever larger by releasing a standout yearly wrap up at E3 2016.

Just two weeks shy of a full year since we published our piece outlining Vivendi’s planned exit from Ubisoft, the game publisher has finally freed itself in its entirety of Vivendi, with the media conglomerate reiterating in a press release, “Vivendi is no longer a Ubisoft shareholder and maintains its commitment to refrain from purchasing Ubisoft shares for a period of five years.”

You can read Vivendi’s press release here.

Evil Within 2