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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 | 11.25 | 12.20 | 0.00 | 12:33:16 |
From Jul 2019 to Jul 2024
By Alberto Delclaux
French media group Vivendi SA (VIV.FR) said Wednesday that it has sold 19.9 million shares in Ubisoft Entertainment SA (UBI.FR) to institutional investors as part of its plan to sell its entire stake for 2 billion euros ($2.46 billion).
Vivendi sold the shares in the videogame maker to institutional investors for EUR66 a share, after strong demand prompted it to increase its private-placement offering by 1.5 million shares, it said.
The company also has agreements to sell 3 million shares to Guillemot Brothers SE and 7.59 million shares to Ubisoft itself.
Vivendi will no longer be a Ubisoft shareholder after the sale of its 27.27% stake, and it has agreed not to purchase any Ubisoft shares for five years. The company does, however, plan to strengthen its position in the videogame sector, it said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
March 21, 2018 03:49 ET (07:49 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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