For some months there had been talk of the possibility that the Chinese holding company Tencent will buy the French company Ubisoft, which has been going through difficult economic times in recent times. In the end, this has not been the case, at least for now, but we have known that Tencent acquires 49.9% of Guillemot Bros, the majority shareholder of Ubisoft. so it has explained Axios’ Stephen Totilo in a thread on his Twitter account in which he has detailed the details of the acquisition of Ubisoft shares by Tencent.
“Tencent will not buy Ubisoft. But he is investing heavily in the company, announcing a new investment of 300 million euros -which leaves them with a 49.9% stake- in Guillemot Bros, the company run by the co-founders of Ubisoft that has the largest stake in Ubisoft. Tencent has no seats on the board of directors of neither of the two companies, which has allowed them to double their stake in Ubisoft to 9.99%. They cannot sell their shares for five years. He also offers Guillemot Bros a loan to refinance his debt. Tencent will bring various AAA Ubisoft mobile games and Ubisoft PC games to China,” Totilo notes.
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“Guillemot Bros’ participation in Ubisoft can now reach 29.9%. Combined with the maximum agreed with Tencent, the two entities could own the most of Ubisoft’s stock, with the board still dominated by the Guillemot family and Tencent, all I can say without veto power”, concluded the Axios journalist. Thus, Tencent continues to gain weight in a Ubisoft beset by a bad financial situation that has worsened in recent years. What is Tencent’s next step? Will they end up acquiring most of Ubisoft’s shares? Time will tell.