Source data
Vantage Studios investment milestones and disclosed shareholder rights
Sources checked
- 01Initial agreement
Approximately 25% economic interest announced · 27 March 2025 Source 1
- 02Studio launch
Vantage Studios publicly introduced · 1 October 2025 Source 2
- 03Share subscription
€1.163 billion for 26.32% of capital and votes · 21 November 2025 closing Source 3
- 04Tencent lock-up
Five years, subject to Ubisoft retaining its majority · From completion Source 3
- 05Ubisoft majority undertaking
Two years · From completion Source 3
- 06Advisory committee
Supervisory role without management power · Shareholders' agreement Source 3
The capital share, the voting share and the ability to transfer shares are all documented.
Vantage Studios investment milestones and disclosed shareholder rights
The March release described an approximate economic interest. The November shareholder agreement disclosure states the closing share capital and voting rights on their own basis.
| Source | |||
|---|---|---|---|
| Initial agreement | Approximately 25% economic interest announced | 27 March 2025 | Source 1 |
| Studio launch | Vantage Studios publicly introduced | 1 October 2025 | Source 2 |
| Share subscription | €1.163 billion for 26.32% of capital and votes | 21 November 2025 closing | Source 3 |
| Tencent lock-up | Five years, subject to Ubisoft retaining its majority | From completion | Source 3 |
| Ubisoft majority undertaking | Two years | From completion | Source 3 |
| Advisory committee | Supervisory role without management power | Shareholders' agreement | Source 3 |
| Conditional drag-along | At least 80% third-party offer threshold | Price protection in first four years | Source 3 |