Commissar SFLUFAN Posted August 4, 2022 Share Posted August 4, 2022 EXCLUSIVE Tencent seeks bigger stake in 'Assassin's Creed' maker Ubisoft -sources WWW.REUTERS.COM Tencent Holdings Ltd plans to raise its stake in French video game group Ubisoft Entertainment SA as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the... Quote Tencent Holdings Ltd plans to raise its stake in French video game group Ubisoft Entertainment SA as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China's largest social network and gaming firm, which bought a 5% stake in Ubisoft in 2018, has reached out to the French firm's founding Guillemot family and expressed interest in increasing its stake in the firm, the sources said. It is not clear how much more Tencent plans to own in Ubisoft, valued at $5.3 billion, but Tencent aims to become the single largest shareholder of the French company with an additional stake purchase, two of the sources said. Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted August 4, 2022 Share Posted August 4, 2022 Fuck it, why not? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 4, 2022 Author Share Posted August 4, 2022 The expected offer represents a 127% premium over the stock's average price for the last three months. Shareholders would be utter and complete fools not to sell to Tencent at that premium. Quote Link to comment Share on other sites More sharing options...
XxEvil AshxX Posted August 4, 2022 Share Posted August 4, 2022 Once upon a time I would've been like "nooooo" but Ubi hasn't done fuck all for a few years now so yeah sure whatever. I honestly just wish they'd sell off the Clancyverse so I didn't have to give a shit about them at all. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. 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.