Jump to content
  • 🎮 Step into the Uncrowned Gaming Arena – Sign Up Now! 🎮

    Ready to Level Up Your Gaming Experience?

    👋 Attention gamers! Tired of those distracting ads? We've got your back! Join Uncrowned Gaming for free and say goodbye to AdSense ads, immersing yourself fully in the world of first-person and third-person shooters.

    Why Join Us?

    • Community of Gamers: Connect with fellow shooter game enthusiasts in a friendly and engaging environment.
    • Deep Dive into Discussions: From tactical strategies to the latest game releases, join conversations that fuel your passion.
    • Share and Grow: Whether you're sharing a game review or seeking tips, this is your platform to shine.
    • Ad-Free Gaming Zone: Once you're a member, those AdSense ads disappear, making your experience smoother and more enjoyable.

    Uncrowned Gaming is more than just a forum; it's a community where your passion for shooters is shared and celebrated. Sign up now, ditch those ads, and become part of a community that’s all about gaming thrills and skills.

    👉 Your next gaming adventure awaits. Join Uncrowned Gaming – where every level matters! 👈

  • AdSense Advertisement

  • AdSense Advertisement

  • AdSense Advertisement

[Discussion] According to reports, Tencent wants to become Ubisoft's largest shareholder

Recommended Posts

Chinese gaming giant Tencent Holdings wants to become Ubisoft's largest single shareholder by purchasing more of the company.  According to independent sources, Tencent, the largest social network and gaming company in China, announced the news. “Tencent Holdings Ltd. plans to raise its stake in French video game group Ubisoft Entertainment SA as the Chinese gaming industry shifts towards the global market,” said the report.

In 2018, Vivendi sold all of its shares in Ubisoft after tensions between the company and a major investor, Vivendi, boiled over, resulting in Vivendi agreeing not to invest in Ubisoft for at least five years.  According to reports, Tencent has reached out to the family of Ubisoft CEO Yves Guillemot to express interest in increasing its stake in the company. At the moment, it is unknown how much of Ubisoft Tencent plans to purchase. 

Despite rumours that Ubisoft was being targeted for acquisition, how big the Chinese company's ambitions are remains to be seen. There is currently $795 million worth of Guillemot family holdings in Ubisoft, which is valued at $5.3 billion.  According to Reuters, Tencent could pay as much as 100 euros per share to acquire its additional stake, a significant jump from its previous purchase, in which it paid 66 euros per share. In addition, sources have confirmed that Tencent will purchase shares from public shareholders in order to become the company's largest shareholder.

Ubisoft's share price jumped 15% on the news.  During a recent earnings call, Ubisoft CEO Yves Guillemot said that the company was open to acquiring offers, but neither confirmed nor denied that the company had been approached by potential buyers.  PlayStation and Xbox have built up their catalogs by acquiring studios in recent years.  Sony’s acquisition of Bungie has made it clear why Chinese companies such as Tencent are eager to invest in the video games industry, as the purchase of Activision Blizzard by Microsoft set the corporation back $68.7 billion.

View full article

Link to comment
Share on other sites

AdSense Advertisement

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • AdSense Advertisement

  • AdSense Advertisement

  • AdSense Advertisement

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.