Tencent could become Ubisoft’s largest shareholder

Tencent, one of the giants in the gaming industry, may be the largest shareholder of Ubisoft. The gaming giant started knocking on the shareholders' door with a surprising offer.
 Tencent could become Ubisoft’s largest shareholder
READING NOW Tencent could become Ubisoft’s largest shareholder

Tencent, which hosts world-renowned game companies including Epic Games and Riot Games, seems to make another investment. The Chinese company has now set its sights on Ubisoft, one of the popular names in the game world.

Negotiations with shareholders started

As reported by Routers, Tencent began talks with the Guillemot family, which owns a 15 percent stake in Ubisoft last May. The gaming giant, which currently holds 5% of the company’s shares, aims to be the company’s largest and only shareholder.

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Tencent currently holds 5 percent of Ubisoft’s shares, the Guillemot family 15 percent, and public shareholders 80 percent. Tencent, which has made an offer of 100 euros per share, compared to the company’s share price of 44 euros, plans to buy shares in both groups. Although all the details of the new agreement are not known yet, we can say that Tencent will increase its share in the gaming industry if it is concluded.

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