Vivendi acquires stake in Ubisoft and Gameloft

Shares in both Ubisoft and Gameloft have lifted after former Activision parent Vivendi acquired a stake in the pair.

Bloomberg reports that Vivendi has paid €140m for a 6.6 per cent share of Ubisoft and €19.7m for 6.2 per cent of Gameloft.

Vivendi’s former interest in Activision was brought to and end in 2013 after the publisher’s CEO Bobby Kotick led an MBO. Last year Vivendi sold half of its remaining interest in the company for $850m, leaving it with just a 5.8 per cent stake.

Both Ubisoft and Gameloft have stated that they fully intend to remain independent.

Vivendi is currently sitting on a €9bn cash pile following the sale of various telecoms assets and the $8bn it received from Activision.