Vivendi Increases Its Equity Interest in Ubisoft and Gameloft
October 22 2015 - 2:44AM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) increased its equity stake in Ubisoft and
Gameloft, two French companies with internationally-recognized
know-how in video games, to respectively 10.39% and 10.20%.
On October 20, 2015, Vivendi held 11.60 million Ubisoft shares
and 8.68 million Gameloft shares. These shares were acquired on the
market for a total amount of respectively 244 million euros and
34.41 million euros and financed through the Group’s disposable
cash.
These investments are part of a strategic vision of operational
convergence between Vivendi’s content and platforms on one hand and
the Ubisoft and Gameloft productions in video games on the
other.
Vivendi is acting alone, is not in concert with a third party
and has not concluded a temporary sale agreement regarding the
Ubisoft and Gameloft shares or voting rights.
The Group reserves the right to increase its stake in these two
companies depending on market conditions and the possibility, in
due time, to be represented on their board.
About Vivendi
Vivendi is an integrated media and content group. The company
operates businesses throughout the media value chain, from talent
discovery to the creation, production and distribution of content.
The main subsidiaries of Vivendi comprise Canal+ Group and
Universal Music Group. Canal+ is the leading pay-TV operator in
France, and also serves markets in Africa, Poland and Vietnam.
Canal+ operations include Studiocanal, a leading European player in
production, sales and distribution of film and TV series. Universal
Music Group is the world leader in recorded music, music publishing
and merchandising, with more than 50 labels covering all genres. A
separate division, Vivendi Village, brings together Vivendi
Ticketing (ticketing in the UK, France and the U.S.), MyBestPro
(experts counseling), Watchever (subscription video-on-demand) and
the Paris-based concert venue L’Olympia. With 3 billion videos
viewed each month, Dailymotion is one of the biggest aggregation
and distribution platforms in the world. www.vivendi.com,
www.cultureswithvivendi.com
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