The year 2016 was marked by a sharp increase of Vivendi in the capital of Ubisoft, amounting up to 25.15% at the end of 2016. In the first half of 2017, the group increased its stake to 27% and demonstrated its impatience with the Guillemot family, who "had difficulty accepting the rules of the game related to being on the stock market," according to Stéphane Roussel, Chief Operating Officer of Vivendi.
Finally, this story comes to an end: "Vivendi announced today the conclusion of agreements for the sale of its stake in Ubisoft, representing 30,489,300 shares, or 27.27% of the capital, for an amount of 2 billion euros, or 66 euros per share. A very profitable operation for Vivendi since the group had acquired this stake during the "last three years for an amount of 794 million euros".
More than 18 million shares will go to investors, half "already identified by Ubisoft", others to the Guillemot family and Ubisoft. The detail of the distribution is specified here.
Two new investors are in the game: Ontario Teachers' and Tencent, with respectively 3.4 and 5% stake in Ubisoft, but without a seat on the board of directors. In addition, Tencent has "committed not to transfer its shares or to increase its holding of shares or voting rights in Ubisoft".
With the Chinese, Ubisoft announces "the signing of a strategic partnership that will significantly expand the scope of Ubisoft's franchises in China in the coming years." In all cases, the financial objectives for the fiscal years 2017-18 and 2018-19 are confirmed by Ubisoft.