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Name | Symbol | Market | Type |
---|---|---|---|
Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.00 | 11.92 | 11.95 | 12.002 | 11.99 | 12.00 | 3,906 | 17:39:35 |
14:22 ET - Ubisoft Entertainment (UBI.FR), facing a hostile takeover threat from media conglomerate Vivendi (VIV.FR), says France's Banque Publique d'Investissement has agreed to purchase 3.63M shares in the videogame company. Sold at EUR33.80 ($37.98) a share, the deal amounts to EUR122.5M ($135.7M) and will close in early November, Ubisoft says. The purchase comes days before the maker of the "Assassin's Creed" series of videogames is set to hold a shareholder meeting that could dramatically change its trajectory. Vivendi, which has built up a stake of 23% in Ubisoft, is seeking board representation and could choose to put the matter to a vote. (sarah.needleman@wsj.com; @saraheneedleman)
(END) Dow Jones Newswires
September 23, 2016 14:37 ET (18:37 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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