The folks at French media megacorp Vivendi issued a press release this week confirming their plans to finish divesting themselves of all Ubisoft stock over the next six months.<\/p>\n
It’s not surprising, but it\u00a0does\u00a0seem to end\u00a0the years-long saga that was Ubisoft’s increasingly desperate, increasingly public battle to remain independent under threat of a takeover<\/a> by Vivendi.<\/p>\n After slowly accumulating 26 percent of Ubisoft’s\u00a0stock and reportedly contemplating said\u00a0takeover<\/a>, Vivendi\u00a0announced back in March that it would sell it all off<\/a> to both Ubisoft and new Ubisoft investors like Tencent and the Ontario Teachers’ Pension Plan. As part of the deal, Vivendi agreed to refrain from purchasing Ubisoft stock for five years.<\/p>\n Now, Vivendi says it has only about 6.7 percent (with an estimated value of\u00a0\u20ac500 million, or roughly $581 million USD)\u00a0of Ubisoft’s\u00a0share capital to sell off, and it plans to do so in two phases: 0.91 percent will be sold off on Monday (October 1st), while the remainder (~5.74 percent) has been diverted to be sold off next March.<\/p>\n March 5th, to be exact, which is just two days before the March 7th, 2019 divestiture\u00a0deadline that Ubisoft\u00a0and Vivendi\u00a0previously agreed upon.<\/p>\n","protected":false},"excerpt":{"rendered":" The folks at French media megacorp Vivendi issued a press release this week confirming their plans to finish divesting themselves of all Ubisoft stock over the next six months. It’s not surprising, but it\u00a0does\u00a0seem to end\u00a0the years-long saga that was Ubisoft’s increasingly desperate, increasingly public battle to remain independent under threat of a takeover by […]<\/p>\n","protected":false},"author":2,"featured_media":50794,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-50793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/50793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=50793"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/50793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/50794"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=50793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=50793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=50793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}