Full Answer
What does Vivendi do after the Ubisoft sale?
After the sale Vivendi will remain active in video gaming through its acquisition of mobile game maker Gameloft, which was also founded by a Guillemot brother but is much smaller than Ubisoft, the French leader in this market.
Is Ubisoft owned by Tencent?
PARIS/BEIJING (Reuters) - French media giant Vivendi VIV.PA is selling its stake in Ubisoft UBIP.PA for 2 billion euros ($2.45 billion) to investors including Chinese tech titan Tencent 0700.HK, ending a potential takeover battle for the French video games maker.
What does the Vivendi-Ubisoft deal mean for Canadian investors?
As part of the deal Vivendi has committed to not acquire any further shares in Ubisoft for five years. Vivendi’s stake-building since 2015 had prompted Ubisoft’s founding Guillemot family to court Canadian investors to fend off any hostile takeover.
Is Ubisoft owned by Bollore?
Billionaire Vincent Bollore’s Vivendi, which had been raising its holding in Ubisoft, has agreed to sell its 27.3 percent stake in the company, best known for its Assassin’s Creed and South Park games.
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Does Vivendi own Ubisoft?
Although Vivendi no longer has a stake in Ubisoft, it still owns Gameloft and said it intends to strengthen its position in the video game sector.
Who tried to buy Ubisoft?
Ubisoft, led by CEO Yves Guillemot, battled and eventually won against a hostile takeover attempt by French entertainment powerhouse Vivendi in 2018, and the Guillemot family still holds the biggest stake in the company at 15%.
Who bought Ubisoft?
UbisoftLogo since May 2017Administrative headquarters in MontreuilOwnerGuillemot family (18.5%)Number of employees20,324 (2021)SubsidiariesSee List of Ubisoft subsidiaries19 more rows
Does EA own Ubisoft?
After a contentious six-year relationship, Electronic Arts has sold off its entire ownership interest in Ubisoft, according to news accounts Tuesday. According to Dow Jones Newswires, which first reported on the sale, Electronic Arts sold its stake in Ubisoft--14.8 percent of the company--to unidentified investors.
Will Xbox buy Ubisoft?
1:1011:56Will Microsoft's Xbox Buy UbiSoft Next - YouTubeYouTubeStart of suggested clipEnd of suggested clipBut that doesn't necessarily mean that they will buy ubisoft right ubisoft or ubisoft i don't evenMoreBut that doesn't necessarily mean that they will buy ubisoft right ubisoft or ubisoft i don't even know how to pronounce it now people say ubisoft so i'll continue saying that.
Does Sony Own Ubisoft?
There's somebody who would buy Ubisoft. Because investors question why Ubisoft hasn't received any acquisition offers, the company says its open to the possibility but can stay independent.
What is Ubisoft's net worth?
UbiSoft Entertainment net worth as of July 01, 2022 is $5.52B. Ubisoft Entertainment operates in parts of Europe, Canada and the United States and its primary activities are the production, publishing and distribution of interactive entertainment products.
Why is Ubisoft struggling?
Ubisoft Looking to Sell After Struggling From Pandemic and Sexual Misconduct Controversy. With a workforce of over 20,000 people, Ubisoft is reportedly looking to be bought out. The company has come under fire in the past few years after a nasty sexual misconduct case was opened against them.
Does Ubisoft have Tencent on its board?
Importantly, the deal will not grant Tencent a place on Ubisoft's board of directors, and it agreed that it will not transfer its shares or seek to increase its stake in the company, thereby ensuring that Ubisoft doesn't end up trading one undesired suitor for another.
Has Ubisoft dodged the hostile takeover bullet?
Ubisoft has finally dodged the hostile takeover bullet. When French media conglomerate Vivendi turned its eyes toward Ubisoft a couple of years ago, I thought for sure that Ubisoft was hosed. Ubi bobbed and weaved admirably, but Vivendi brings almost irresistible financial muscle to the fray.
