Ontario Teachers' to acquire Ubisoft stake for $400 mln
Ontario Teachers' Pension Plan has committed to acquire about 3.4 percent of the share capital of Ubisoft Entertainment SA, a French video game publisher, for about $400 million (€250 million). The acquisition forms part of a broader transaction in which Vivendi SA is selling its 27.3 percent interest in the company. China's Tencent Holdings will join Ontario Teachers' in the deal, agreeing to acquire about 5 percent of Ubisoft's capital. Neither investor will gain board representation as a result. Ontario Teachers' will invest in Ubisoft, the producer of games like Assassin's Creed, through the relationship arm of its public equities division.
20 March 2018•6 mins read
