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Vivendi Ousted as Ubisoft Investor as It Turns Its Eyes to China & Tencent

VentureBeat's Jeff Grubb is reporting that Ubisoft will announce that Vivendi is out of its stock business once and for all with threats of a takeover finally ending. To do so, Ubisoft is buying back some of the $2.45M worth of Vivendi stock with the Guillemot Brothers SE picking up another pile. New investors are an odd pair with the Ontario Teachers' Pension Plan snapping up some stock along with China's Tencent bringing home 5%.

Of course, the most interesting news is the shares being purchased by Tencent, the mega-corporation that has its interests spread across a plethora of gaming companies including Riot Games, Epic and Supercell. "As with other Chinese companies, Tencent prefers to acquire a minority share in a successful business so it can let the company continue to operate as it always has." Grubb writes.

Yves Guillemot said, "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."

What do you think of the deal? Leave us your thoughts in the comments.

Read the full article at VentureBeat.com.

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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom