Declaration of Intent Concerning Vivendi’s Equity Interest in Ubisoft and Gameloft
October 26 2015 - 1:08PM
Business Wire
Regulatory News:
To supplement the communication of October 22, 2015, regarding
its equity interest increase in Ubisoft Entertainment and Gameloft,
Vivendi (Paris:VIV) indicates that:
- Vivendi’s acquisitions were financed
through its disposable cash.
- Vivendi is not acting together with any
third party in connection with its investments in Ubisoft and
Gameloft and has not entered into a temporary sale agreement
concerning the shares or voting rights of either of the two
companies.
- Vivendi does not hold instruments and
is not a party to agreements such as those referred to in
paragraphs 4° and 4° bis of Article L.233-9 of the French Code de
commerce (Trade Code).
- The Group is considering continuing to
acquire shares depending on market conditions. These acquisitions
were not specifically designed as a preparatory step for a plan to
takevover Ubisoft and Gameloft. Nevertheless, over the six coming
months, Vivendi cannot rule out the possibility of considering such
a plan.
- Vivendi might request, in due time, to
be represented on the Board of Directors of the two companies.
- Vivendi’s investment in the Ubisoft and
Gameloft business sector is part of a strategic vision of
operational convergence between Vivendi’s content and platforms and
the two companies’ productions in the field of video games. Since
this strategy does not require any modification to Ubisoft and
Gameloft’s legal or financial organization, Vivendi does not
consider any of the transactions referred to in Article 223-17, I,
6° of the AMF Règlement Général (General Regulations).
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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