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+--- Thread: News - Tencent Is Reportedly Looking To Become Ubisoft's Biggest Shareholder (/thread-99766.html)
News - Tencent Is Reportedly Looking To Become Ubisoft's Biggest Shareholder - xSicKxBot - 08-04-2022
Tencent Is Reportedly Looking To Become Ubisoft's Biggest Shareholder
<p>Chinese conglomerate Tencent is reportedly planning to increase its stake in Ubisoft, the French publisher and developer of games such as Assassin's Creed, Far Cry, and many more titles.</p><p>According to sources that spoke to <a href="https://www.reuters.com/markets/europe/exclusive-tencent-plans-raise-stake-assassins-creed-maker-ubisoft-sources-2022-08-04/">Reuters</a>, Tencent has reached out to Ubisoft's founding Guillemot family and intends to become the single largest stakeholder in Ubisoft. Tencent currently has a 5% stake in the company that was purchased in 2018, while the Guillemot family has a 15% stake, and is planning to offer up to 100 euros ($101.84) per share to increase its foothold. This figure is "way above" the company's current price and is being offered as a way to keep potential competition away, one of the sources added.</p><p>Ubisoft was previously valued at $5.3 billion and share prices increased by up to 16% after the Reuters report went live. Reuters sources said that Tencent also plans to acquire shares from public shareholders of Ubisoft, which accounts for 80% of the firm's owned stock. "Tencent is very determined to nail down the deal as Ubisoft is such an important strategic asset for Tencent," one of the sources said.</p><a href="https://www.gamespot.com/articles/tencent-is-reportedly-looking-to-become-ubisoft-biggest-shareholder/1100-6506148/?ftag=CAD-01-10abi2f/">Continue Reading at GameSpot</a>
https://www.gamespot.com/articles/tencent-is-reportedly-looking-to-become-ubisoft-biggest-shareholder/1100-6506148/?ftag=CAD-01-10abi2f