French publishing giant Ubisoft is free of the clutches of conglomerate Vivendi after compelling the firm to sell its 27.3 per cent of its share capital.
The firm has managed to get Chinese games and tech giant Tencent on board as a long-term investor, as well as the Ontario Teachers' Pension Plan.
The former has purchased 3.4 per cent of Ubisoft's shares, with Tencent snapping up 5.0 per cent. Guillemot Brothers SE has bought 2.7 per cent of stock as part of this transaction.
Ubisoft itself has bought back 8.1 per cent of its stock from Vivendi, with other shares being bought back between 2019 and 2021.
As well as being a shareholder in the French publisher, Tencent has signed a strategic partnership agreement. This likely means that Tencent will be backing Ubisoft-centric decisions with the board.
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