March 20, 2018 / 5:25 PM / 8 months ago

BRIEF-Vivendi Says To Sell Ubisoft Stake for 2 Bln Eur

March 20 (Reuters) - Vivendi:

* VIVENDI ANNOUNCED TODAY THAT IT HAS ENTERED INTO AGREEMENTS TO SELL ITS INTEREST IN UBISOFT, REPRESENTING 30,489,300 SHARES, I.E., 27.27% OF THE SHARE CAPITAL, FOR €2 BILLION. THIS INTEREST WAS ACQUIRED OVER THE PAST THREE YEARS FOR €794 MILLION‍​

* SAYS THIS INTEREST WAS ACQUIRED OVER THE PAST THREE YEARS FOR €794 MILLION

* AFTER COMPLETION OF THESE TRANSACTIONS, VIVENDI WILL NO LONGER BE A UBISOFT SHAREHOLDER AND HAS AGREED TO REFRAIN FROM PURCHASING UBISOFT SHARES FOR A PERIOD OF FIVE YEARS

* SAYS, GIVEN IT ALREADY OWNS GAMELOFT, A GLOBAL LEADER IN MOBILE VIDEO GAMES, CONFIRMS ITS INTENTION TO STRENGTHEN ITS POSITION IN THE PARTICULARLY DYNAMIC VIDEO GAMES SECTOR, A CORNERSTONE IN THE GROUP’S DEVELOPMENT Further company coverage:

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