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Vivendi has sold the last of its shares in Ubisoft

Vivendi has finished selling off its final shares in Ubisoft, completing the deal that was announced last year when the publisher avoided being taken over by the conglomerate. It once owned more than a quarter of the company. The remaining shares represented a 5.9 percent stake. 

“Vivendi is no longer a Ubisoft shareholder and maintains its commitment to refrain from purchasing Ubisoft shares for a period of five years,” Vivendi announced. It's quite the turnaround, and just over a year ago it was hungrily eyeing up Ubisoft, despite protests from the publisher and Yves Guillemot, its CEO and co-founder. 

The threat of a corporate takeover seemed very likely, with Guillemot even pleading with the Canadian government to stop it. Instead, they managed to come to an arrangement, with Vivendi selling 30,489,300 shares for $81 each. It's made a capital gain of $1.2 billion out of the deal, selling the shares for a total of $2 billion.

This doesn't mark the end of Vivendi's ambitions in the game industry, however. It took over mobile game publisher Gameloft in 2016 and confirmed that it will continue to "strengthen its position in the video games sector". 

Cheers, Reuters

Fraser Brown

Fraser is the UK online editor and has actually met The Internet in person. With over a decade of experience, he's been around the block a few times, serving as a freelancer, news editor and prolific reviewer. Strategy games have been a 30-year-long obsession, from tiny RTSs to sprawling political sims, and he never turns down the chance to rave about Total War or Crusader Kings. He's also been known to set up shop in the latest MMO and likes to wind down with an endlessly deep, systemic RPG. These days, when he's not editing, he can usually be found writing features that are 1,000 words too long. He thinks labradoodles are the best dogs but doesn't get to write about them much.