Vivendi will have sold all of its shares in Ubisoft by March 5, 2019.
The French conglomerate stated its intention to sell its stake in Ubisoft in March this year. However, according to Vivendi, there is still 6.7 per cent in share capital waiting for deals to complete with two "financial institutions."
The remaining shares are worth around €500 million, based on a price of €66 per share. Around 0.9 per cent of the remaining interest in Ubisoft will be sold on October 1, 2018, with the remainder due to be sold on March 5, 2019.
These transactions represent the very end of what once represented a crisis for Ubisoft. Two years ago, Vivendi appeared to be hell-bent on a hostile takeover of the French publisher, following a successful one of the Guillemot-owned mobile company Gameloft.
That threat has now gone - for now, at least. In March, Vivendi said it would refrain from buying Ubisoft shares for the next five years, and it has restated that commitment this week.