Last year, French conglomerate Vivendi was busy acquiring Ubisoft shares, sparking talk of a hostile takeover of Ubisoft.
Thankfully for Ubisoft, Vivendi has sold its entire stock of Ubisoft shares, roughly 30.5 million in total, in an agreement between both companies.
Buyers of the 30.5 million shares include the Guillemot brothers (founders of Ubisoft), Chinese company Tencent, and Ontario Teachers.
Both Tencent and Ubisoft have also inked a deal to boost the presence of Ubisoft’s IP in the Chinese market.
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