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View Full Version : Vivendi Takeover Over



HDinHB
03-21-2018, 02:13 AM
Ubisoft got the Ontario (Canada) Teachers' Pension Plan and Chinese game company Tencent to help buy back the shares Vivendi has been gobbling up.
https://www.forbes.com/sites/erikkain/2018/03/20/ubisoft-avoids-a-vivendi-takeover-with-help-from-teachers-and-tencent/#74286b4215bc


For months now, the word on the street has been an impending takeover of Ubisoft by Vivendi, a French media conglomerate that once owned Activision-Blizzard until that company spent $5.83 billion to gain its independence in 2013.

Today Ubisoft announced that it would buy out Vivendi's 27.3% stake in the company (30,489,300 shares) a deal worth about $2.45 billion---or just about twice what Vivendi paid originally.