Goldman Sachs reaches a new investment threshold at Ubisoft Entertainment

On November 19, 2025, The Goldman Sachs Group, Inc. announced that it had crossed the 5% ownership threshold of Ubisoft Entertainment. This crossing, which occurred on November 13, involved 6,890,185 shares, representing 5.12% of the share capital and 4.63% of the voting rights. These shares were acquired off-market.

The shareholding is primarily concentrated at Goldman Sachs International, which holds 4.01% of the capital. Other entities within the group hold smaller stakes. Goldman Sachs also holds options and swaps, allowing for flexibility in its position with Ubisoft.

These instruments include securities lending and put and swap contracts, with maturities extending to 2035. This diversified investment strategy illustrates Goldman Sachs' growing commitment to the video game publisher.