Vivendi sells its remaining shares in video games group Ubisoft

FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, March 10, 2016. REUTERS/Charles Platiau

PARIS (Reuters) – Media conglomerate Vivendi has sold its remaining shares in video games company Ubisoft, making a capital gain of 220 million euros ($249 million).

Vivendi said on Tuesday that the remaining shares represented a 5.9 percent stake in Ubisoft. It sold the whole stake for 429 million euros.

“Vivendi is no longer a Ubisoft shareholder and maintains its commitment to refrain from purchasing Ubisoft shares for a period of five years,” Vivendi said in a statement.

“Vivendi, which already owns Gameloft, a global leader in mobile video games, confirms its intention to continue to strengthen its position in the video games sector,” it added.

Including this sale, Vivendi has sold 2 billion euro worth of Ubisoft shares and pocketed a capital gain of 1.2 billion euros.

Reporting by Sudip Kar-Gupta; Editing by Inti Landauro

Source link

more recommended stories

  • Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown

    LONDON (Reuters) – Mike Lynch, once.

  • Apple’s iPhone struggles unravel ambitions of Japan Display

    TOKYO (Reuters) – When Japan Display.

  • GM to announce $300 million investment in Orion EV/AV plant

    (Reuters) – General Motors Co will.

  • Ionity plans 400 electric car charging stations in Europe by end-2020

    FILE PHOTO: A charging station for.

  • South Korean watchdog cuts fine on Qualcomm after decade-old legal battle

    A Qualcomm sign is seen during.

  • Google fined $1.7 billion for search ad blocks in third EU sanction

    BRUSSELS (Reuters) – Alphabet unit Google.

  • Samsung Elec sees green shoots in China smartphone business: co-CEO

    SEOUL (Reuters) – Samsung Electronics Co.

  • Google announces browser-based streaming game service

    SAN FRANCISCO (Reuters) – Alphabet Inc’s.

  • South Korea radar and thermal camera system warns ‘smartphone zombies’ of traffic

    ILSAN, South Korea (Reuters) – A.

  • UK’s Corbyn says social media platforms must act after New Zealand attack

    Candles are flowers placed at a.

  • Facebook says it removed 1.5 million videos of the New Zealand mosque attack

    People take pictures on a pedestrian.

  • Amazon’s second headquarters clears blocks in Virginia funding vote

    WASHINGTON (Reuters) – Amazon.com Inc’s planned.

  • Amazon’s second headquarters faces new blocks in Virginia funding vote

    WASHINGTON (Reuters) – Amazon.com Inc’s plan.

  • Apple Watch detects irregular heart beat in large U.S. study

    (Reuters) – The Apple Watch was.

  • Apple infringed three Qualcomm patents, jury finds

    (Reuters) – Mobile phone chip supplier.

  • Apple says Spotify wants benefits of a free app without being free

    (Reuters) – Apple Inc on Thursday.

  • Olympics: Tokyo 2020 unveils robots to help wheelchair users, workers

    Tokyo 2020 Olympics and Paralympics organizers.

  • Facebook product chief Cox to exit as focus shifts to messaging

    Facebook Inc’s chief product officer and.

  • Facebook struggles into day two of global outage

    (Reuters) – Facebook Inc struggled to.

  • SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: sources

    NEW YORK (Reuters) – A group.

  • Spotify files EU antitrust complaint against Apple

    BRUSSELS (Reuters) – Spotify has filed.

  • ZTE Corp controlling shareholder plans 3 percent stake sale after stock rebound

    FILE PHOTO: People walk past a.

  • Electric vehicle demand likely to drop if tax credit ends: U.S. official

    FILE PHOTO: A charging port is.

  • Vizio wants next-generation smart TVs to target ads to households

    (Reuters) – Smart TV manufacturer Vizio.

  • Berners-Lee says World Wide Web, at 30, must emerge from ‘adolescence’

    GENEVA (Reuters) – The fraying World.

  • Software firm Ebix offers to buy India’s ticketing firm Yatra Online

    (Reuters) – Software firm Ebix Inc.

  • Nvidia nears deal to acquire Mellanox Technologies: source

    FILE PHOTO: The logo of technology.

  • Thousands of Russians protest against internet restrictions

    MOSCOW (Reuters) – Thousands of people.

  • Wall Street critic Warren vows to break up Amazon, Facebook, Google

    (Reuters) – Senator Elizabeth Warren vowed.

  • NHL: Mobile games company Playtika becomes partner of Canadiens

    FILE PHOTO: Feb 26, 2019; Detroit,.

  • Citrix Systems says hackers gained access to its internal network

    (Reuters) – Networking software company Citrix.

  • U.S. calls ‘OneCoin’ huge pyramid scheme, charges leaders

    NEW YORK (Reuters) – U.S. authorities.