Despite the rumors, Tencent has not acquired Ubisoft.
Ubisoft has announced a major strategic partnership with Tencent after what Chinese gaming giant acquires 49.9% economic stake, giving him 9.99% more voting rights in Guillemot Brothers Limited, the holding company of Ubisoft’s founders. In this way, Tencent’s investment in Ubisoft amounts to 300 million euros after the acquisition of 30% of FromSoftware together with Sony.
In the agreement, Ubisoft does not allow Tencent to increase its direct share of capital or voting rights for a period of eight years. The Assassin’s Creed publisher explains that the association with Tencent “covers the development of mobile titles from several of Ubisoft’s major franchises and the release of several Ubisoft PC titles in China”. In this way, expect new mobile games.
Despite rumors of the possible purchase of Ubisoft, from the company that “the general position is clear and well known. As we said last February, we have everything we need to remain independent. We have the talent, the industrial and financial scale, and a large portfolio of powerful IPs to create massive value for years to come.“.
Ubisoft and Tencent, a collaboration that goes further
Although Tencent has not bought Ubisoft, he provides “the plan to build strategic partnerships with the biggest players in entertainment and technology. Current speculation is exposing the true attractiveness and value of our assets and our value creation potential“. Without being able to sell its shares for five years, the agreement will involve an expansion of the company that celebrates this Saturday a direct to show news of its upcoming releases.