Vivendi abandons Ubisoft takeover; shares sold to Tencent and Canadian teachers (no, really)

Via PC Gamer:

...today the they announced a surprise deal that will see Vivendi drop its Ubisoft holdings entirely, and guarantee that it won't acquire any new shares in the company for five years.

Vivendi will sell 30,489,300 shares of Ubisoft for €66 ($81) per share, netting it roughly $2 billion ($2.45 billion). That's a fair price for Vivendi—Ubisoft's share price pushed $72 earlier this month, but dipped to $62.64 in February. But Ubisoft has to be seen as the big winner here, as it managed to not only avoid the Vivendi takeover it's been struggling against, but actually eliminated the threat entirely. More than nine million of those Vivendi shares will be bought back by Ubisoft...

(snip)

...The Vivendi exit also sees new investment into Ubisoft by Chinese gaming giant Tencent and the Ontario Teachers' Pension Plan. Tencent will acquire 5.6 million shares in the company, while OTPP will take 3.8 million, all of them also at €66 per share. Importantly, the deal will not grant Tencent a place on Ubisoft's board of directors, and it agreed that it will not transfer its shares or seek to increase its stake in the company, thereby ensuring that Ubisoft doesn't end up trading one undesired suitor for another.

So, Ubisoft escapes and gets a new Chinese partner, while Canadian teachers get a nice investment for their pension. How do you see Ubisoft going forward from here?

Via PC Gamer:

...today the they announced a surprise deal that will see Vivendi drop its Ubisoft holdings entirely, and guarantee that it won't acquire any new shares in the company for five years.

Vivendi will sell 30,489,300 shares of Ubisoft for €66 ($81) per share, netting it roughly $2 billion ($2.45 billion). That's a fair price for Vivendi—Ubisoft's share price pushed $72 earlier this month, but dipped to $62.64 in February. But Ubisoft has to be seen as the big winner here, as it managed to not only avoid the Vivendi takeover it's been struggling against, but actually eliminated the threat entirely. More than nine million of those Vivendi shares will be bought back by Ubisoft...

(snip)

...The Vivendi exit also sees new investment into Ubisoft by Chinese gaming giant Tencent and the Ontario Teachers' Pension Plan. Tencent will acquire 5.6 million shares in the company, while OTPP will take 3.8 million, all of them also at €66 per share. Importantly, the deal will not grant Tencent a place on Ubisoft's board of directors, and it agreed that it will not transfer its shares or seek to increase its stake in the company, thereby ensuring that Ubisoft doesn't end up trading one undesired suitor for another.

So, Ubisoft escapes and gets a new Chinese partner, while Canadian teachers get a nice investment for their pension. How do you see Ubisoft going forward from here?

Via PC Gamer:

So, Ubisoft escapes and gets a new Chinese partner, while Canadian teachers get a nice investment for their pension. How do you see Ubisoft going forward from here?

Teachers complain about lack of funding yet they buy shares in a video game company? lol

Teachers complain about lack of funding yet they buy shares in a video game company? lol

Teachers complain about lack of funding yet they buy shares in a video game company? lol