Tencent wants to become the single largest shareholder of Ubisoft

We are living strange times in the video games industry. Classic third-parties are on the target to be sell and others like Activision-Blizzard were purchased time ago. This time around Ubisoft is the main protagonist.

Tencent bought a 5% stake in Ubisoft in 2018, but according to Reuters, the Chinese holding desires to increase their stake in Ubisoft to become the single largest shareholder of Ubisoft. They have reached out the Guillemot family which owns the 15% of Ubisoft.

According to Reuters, Tencent could offer 100 euros per share (they paid 66 euros per stake in 2018). Tencent would offer a price per stake “way above” the company’s current price to avoid any competition with other brands.

Thanks, Resetera.