Image via Ubisoft
Tencent, the Chinese tech giant, is aiming to become Ubisoft’s single-largest shareholder. This would overtake the Guillemot family, the company’s founders.
A recent report by Reuters reveals that Tecent had bought a 5% stake in Ubisoft back in 2018 and has reached out to the Guillemot family, expressing interest in increasing its stake in the French video game publisher behind Assassin’s Creed and Rainbow Six.
Tencent may offer up to 100 euros per share to acquire the additional stake. Back in 2018, the Chinese company had paid much less at 66 euros per share.
Ubisoft’s shares surged 21% following the report. As of right now, 80% of Ubisoft’s shares are publicly owned, while the Guillemot family owns 15% of the shares, and Tencent the last 5%.
In the past, Ubisoft has resisted these types of attempts, but they’ve recently lessened their stance against it. Following several controversies and issues with game releases and delays, it seems like Ubisoft may consider a potential acquisition in the future. Back in May, Guillemot said he would consider the offers, but that Ubisoft would need to remain independent.
“We have the talent, the industrial and the financial scale, and a large portfolio of powerful IPs to create massive value in the coming years. It has provided us with the plan to build strategic partnership with the biggest players in the entertainment and tech.”
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Zainah Yousef
Zainah Yousef is the author of The Fallen Age Saga and specializes in gaming, social media advice, and reviews. She's been writing all her life and she probably won't stop anytime soon.
