Ubisoft Sells $445 Million of Bonds to Fund Game Projects

Updated on
  • Bonds are convertible into gamemaker’s shares after five years
  • Proceeds may be used for acquisitions, French company says

Ubisoft Entertainment SA, the French video-game maker trying to fend off the advances of Vivendi SA, sold about 400 million euros ($445 million) of convertible bonds to help finance product development and pay for possible acquisitions.

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