Tencent, Ontario Teachers’ pick stake in Ubisoft as Vivendi exits for $2.46b

Attendees play the "Far Cry 5" video game by Ubisoft Entertainment SA video games during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 13, 2017. Photographer: Troy Harvey/Bloomberg

Vivendi SA is selling its 27 percent stake in French gamemaker Ubisoft Entertainment SA in a 2.01 billion euro ($2.46 billion) deal after its typical strategy of seeking creeping control failed to pan out.

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