Skip to content
Subscriber Only

Vivendi Exits Ubisoft for $2.46 Billion as Tencent Enters

  • French gamemaker gains key partner for expansion in China
  • Company has long fought to remain independent from Vivendi
Photographer: Troy Harvey/Bloomberg
Updated on

Vivendi SA is selling its 27 percent stake in French gamemaker Ubisoft Entertainment SA in a 2.01 billion euro ($2.46 billion) deal after its typical strategy of seeking creeping control failed to pan out.

Under the deal announced Tuesday, Ubisoft’s founding Guillemot family will once again be Ubisoft’s top shareholder and will be joined by Tencent Holdings Ltd. and the Ontario Teachers’ Pension Plan as equity investors. Tencent will acquire about 5 percent of Ubisoft and the Canadian pension will gain a 3.4 percent stake. Vivendi can’t acquire any position in the Montreuil, France-based company for five years.