Ubisoft has emerged victorious in the long-running battle to stave off a hostile Vivendi takeover.
The publisher of Assassin's Creed, Far Cry, Rainbow Six and Rayman has, over the last year, looked under real threat of being acquired.
Month on month, Vivendi steadily bought up shares until it finally owned 27.3 per cent of Ubisoft capital - close enough that it would soon be required to launch a formal takeover bid.