Vivendi has sold the last tranche of shares it owned in Ubisoft.
As reported by Reuters, Vivendi sold its remaining shares in Ubisoft – a block amounting to 5.9 per cent stake in the French publisher – for €429 million, netting it a capital gain of €220 million.
That, at least, should cushion the blow of Vivendi’s failure to pull off its attempt at a predatory takeover of Ubisoft, which the latter fought against for years before, as we reported, Vivendi admitted defeat last year.
Vivendi still has ambitions to become a major player in the videogames market: in a statement, the company said: “Vivendi is no longer a Ubisoft shareholder and maintains its commitment to refrain from purchasing Ubisoft shares for a period of five years. Vivendi, which already owns Gameloft, a global leader in mobile video games, confirms its intention to continue to strengthen its position in the video games sector.”
The Vivendi name has featured in the games industry in the past: in 2001, US publisher Havas Interactive was renamed Vivendi Universal Interactive Publishing, and Vivendi Universal operated as a publisher until 2006 when it merged with Activision to form Activision Blizzard.
To monitor whether Vivendi manages to achieve its ambition of becoming a major player in games publishing, keep an eye on its website.