But 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. That's a fair price for Vivendi-Ubisoft's share price pushed $72 earlier this month, but dipped to $62.64 in February. This ends Vivendi's bid to takeover Ubisoft. But Ubisoft has to be seen as the big victor here, as it managed to not only avoid the Vivendi takeover it's been struggling against, but actually eliminated the threat entirely.
"The evolution of our shareholders is an excellent news for Ubisoft".
Focus Features Debuts the Won't You Be My Neighbor? Trailer
With images of assassinations, wars, and racial conflict that occurred during the more than three decades Mr. Won't You Be My Neighbor? opens in select theaters on June 8th, 2018 .
While Ubisoft bought back 8.1 percent of its capital from Vivendi, other investors stepped in to gain a stake in the company as well. "It was made possible thanks to the outstanding execution of our strategy and the decisive support of Ubisoft talents, players and shareholders. The arrival of (Ontario Teachers' Pension Plan and Tencent) highlights the trust they have in our creative potential and Ubisoft buying back shares will have our positive impact on all of the shareholders", said Yves Guillemot.
Ending a bitter battle with the Guillemot brothers to take over Ubisoft, Vivendi has unloaded its majority stake in the Paris-based video game powerhouse for €2 billion ($2.4 billion).
Cronos Group Inc., (NASDAQ: CRON), Corning Incorporated, (NYSE: GLW)
The ATR may be used by stocks market technicians to get into and exit trades, and it is a helpful tool to add to a trading system. The CBOE Volatility Index, widely considered the best fear gauge in the stock market, surged 20.38 percent to 19.02 on Monday.
A big part of this story is Tencent's march toward acquiring more of the worldwide gaming industry. However, the deal does not include any provisions about Tencent's future as an Ubisoft investor or controller. The massive Chinese company has acquired 5% of Ubisoft's capital, and will enter into a partnership with the French publisher to expand the reach of Ubisoft games in China, including as-yet-unspecified titles on PC and mobile.
"The new strategic partnership agreement we signed [with Tencent] will enable Ubisoft to accelerate its development in China in the coming years and fully leverage a market with great potential", said Guillemot.
Sir Ringo Starr: Former Beatles drummer is finally a knight
Starr's Knighthood follows his induction into the Rock And Roll Hall Of Fame in 2015, making him the last Beatle to win the award. As for whether he'll be known as Sir Ringo or Sir Richard Starkey - his birth name - he told reporters, "I don't know yet.