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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