Quantcast

Tencent looking for bigger stake in Ubisoft

Tencent Increase Stake Ubisoft Thumbnail

Tencent is attempting to increase their shareholder stake on Ubisoft, reports Reuters. The Chinese giant in gaming already had purchased a 5% stake in the company back in 2019.

According to sources, it’s unknown how much more than their current stake they wish to acquire for Ubisoft, who is currently evaluated at $5.3 billion.

However it’s known they want to attempt to purchase some new stake from the holdings by the Guillemot family, which owns 15% of the company.

It’s reported that Tencent may be willing to purchase the additional stakes at a value of $101.84 per share. For context, their current 5% stake was purchased at a value of $67.43 per share. However, the deal is not yet finalized according to sources.

This is far from the first time Tencent has looked towards increasing their stake within a company. More recent examples include them owning a majority stake in Tequila Works, the developers behind games such as RiME and Song of Nunu a League of Legends Story.

They’ve also outright acquired companies such as 1C Entertainment, Inflexion Games, and Turtle Rock Studios in the last year alone. This does beg the question if they plan on attempting the same thing with Ubisoft.

That level of acquisition wouldn’t be easy – Ubisoft has experience in fending off hostile takeovers, as with what happened with Vivendi.

,

About

Got into gaming thanks to a nice old lady who lived across the street. Enjoy most genres of games.