Constantine, thinking that Licinius was fleeing to
Byzantium in order to retreat to his Asian base, headed in that direction, unintentionally placing Licinius between himself and his communication lines with the West. It seemed that his aggressiveness had worked against him this time. However, both belligerents had reasons to come to terms since Licinius was still in precarious position, so he sent a certain Mestrianus to negotiate with Constantine. Even then, Constantine delayed the discussions until he was made sure that the outcome of the war was indeed uncertain. A critical point might be when he received news of a sudden enemy raid that captured his baggage and the royal entourage. According to the peace finalized at
Serdica on 1 March 317 (a date chosen deliberately by Constantine because it was the anniversary of his father's elevation), Licinius recognised Constantine as his superior in government, ceded to him all European territories except for
Thrace and deposed and executed Valens. Constantine named himself and Licinius
consuls while his two sons
Crispus and
Constantine II and Licinius' son, also called
Licinius, were all appointed Caesars. The peace lasted for about seven years. == Citations ==