Jump to content
If you could allow us to show ads it would be really much appreciated. It's our main source of income and helps us keeping the site up and running and bringing you free stuff. It costs you nothing to see a few ads, but it means a lot to us. Thanks! ×

Tencent buys into the Ubisoft owners' holding company


SirMadsen

90 views

The acquisitions in the gaming industry continue, and this time it is once again Chinese Tencent that has the spending pants on. Now they have invested approximately three billion dollars in buying 49.9 percent of Guillemot Brothers Limited – the holding company of the Ubisoft founding Guillemot brothers, which also owns the majority of their Ubisoft shares. It also entitles Tencent to 5 percent of the voting rights in Guillemot Brothers Limited.

However, more investments in France may become relevant, as Tencent has also been given the green light to increase its direct ownership of Ubisoft from 4.5 to 9.99 percent. After that, however, they must wait at least eight years before increasing their ownership. They are guaranteed to take advantage of this, as it was previously said that they want to buy more of Ubisoft.

It has long been rumored that Ubisoft might be acquired, and management's response has basically been that they have no problem continuing to operate independently, but that they will consider any offers that come their way.

0 Comments


Recommended Comments

There are no comments to display.

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • 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. Read our Terms of Use and Privacy Policy for more information.