Vivendi has sold off its remaining Ubisoft stock, effectively ending a multi-year takeover attempt.
Yesterday Reuters reported that Vivendi, a major media conglomerate, had sold its remaining Ubisoft stock for a capital gain of $220 million euros.
“Vivendi is no longer a Ubisoft shareholder and maintains its commitment to refrain from purchasing Ubisoft shares for a period of five years,” Vivendi told Reuters in a statement. “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.”
Vivendi owns Gameloft and was previously at the reins of Activision Blizzard. The company had been attempting to take a controlling interest in Ubisoft since 2016.
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