The Chinese giant bought a 5% stake in Ubisoft four years ago. According to Reuters, Tencent wants to become the majority shareholder of the French company.
Ubisoft is one of the great European companies in the sector. They have such important licenses as Assassin’s Creed, Far Cry, Watch Dogs, among others. And yet, there is still talk about a purchase operation by another large company.
Of course, we are not talking about a complete acquisition. In 2018, Tencent took over 5% of Ubisoft’s shareholding packageand now they plan to further expand their stake in the French company.
Information comes from Reuters. The communications agency assures that Tencent has approached positions with Ubisoft to become the majority shareholder of the company.
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For now there are no statements from the Guillemot family or from Tencent. Up to four sources indicate that this 5% seems scarce for the future aspirations of the Chinese conglomerate.
Ubisoft is valued at 5.3 billion dollars, but for now Tencent’s intentions are not to go through a complete acquisition. They plan to expand the shareholding above the 5% harvested in 2018.
Various sources indicate that Tencent has offered 100 euros per sharedizzying figures if we compare them with those of 2018. At that time, the Chinese giant offered 66 dollars for each share of the company.
For now there is no confirmation about it. China’s regulatory body has been stalking Tencent since June last year, and in fact has not provided licenses in recent quarters.
”Tencent is very determined to close the deal as Ubisoft is an extremely important strategic asset for Tencent”, assures one of these sources.
Right now the Guillemot family owns 15% of Ubisoft shares. Tencent plans to negotiate with them this expansion of participation, which also opens the doors of the western market for them.
In case you don’t know the Chinese giant, Tencent owns many shares in large companies in the industry. Some examples are Epic Games, Remedy or even Tequila Works (Spanish studio).
Will Tencent be done with a new shareholding package from Ubisoft? For now there is no official confirmation in this regard, and everything will depend on how the negotiations between the Guillemot and the Chinese giant progress.