The lengthy, embittered battle between Ubisoft and French media conglomerate Vivendi has finally come to an end. Vivendi had been attempting a hostile takeover of Ubisoft but found itself met with plenty of stern resistance from the Guillemots.
Vivendi has announced it’s now sold its entire remaining stake in Ubisoft and is part of the French publisher no more. This time last year Vivendi had acquired a 27.3% stake in Ubisoft, selling off its final 5.9% stake. The shares were sold to Ubisoft for €429 million ($485 million).
An agreement was made in September 2019 that Vivendi would sell off its remaining 7,590,909 Ubisoft shares in its possession by March 5th, 2019, a move that has now gone through. It’s not all bad news for Vivendi though. The attempted takeover has brought in capital gains of €1.2 billion. Not bad for a few years work.
"Vivendi is no longer a Ubisoft shareholder and maintains its commitment to refrain from purchasing Ubisoft shares for a period of five years," said Vivendi in a statement.
Of Vivendi’s original 27.3% share, the portion has been split between the Guillemot Brothers, the Ontario Teachers’ Pension Plan and Tencent. Some would argue it’s a case of out of the frying pan and into the fire but Ubisoft certainly believes this is a positive step in the AAA publisher’s independence.
All’s well that ends well them, and Ubisoft can once more get to back to focusing on the things that really matter to the fans - the games themselves.