Tencent, a Chinese tech giant, wants to increase its stake in Ubisoft
Tencent, China’s largest gaming company and social network, wants to increase its stake in Ubisoft and Reuters reports.
It already has League of Legends Riot Games as well as Hood, Outlaws & Legendsdeveloper Sumo Group. However, it purchased a 5% share in Ubisoft in 2018 and is now reportedly looking to buy more. According to Reuters, Tencent reached out to Ubisoft’s founder family, Guillemot to express interest.
According to reports, Ubisoft currently has 15% ownership by the Guillemots. Tencent wants to purchase an additional 15% directly from them. It’s not clear how much this will amount to, but two anonymous sources told Reuters that Tencent wants to be Ubisoft’s largest shareholder. We can only assume that it will be quite a bit.
Tencent spent EUR66 per share to purchase its 5% stake in the past, but it has gone up quite a bit since then. According to reports, each share could now be worth EUR100. This could make it a costly deal. However, as of right now, there is no final agreement.
Ubisoft will stream a Ubisoft Forward multi-game showcase next month. This will most likely include some exciting stuff for gamers. Some speculate that the event will be held on September 10 and that some Assassin’s Creed news will be revealed during a September Livestream.
Although the timing is certain, there hasn’t been any official confirmation. To add to the speculation, some fans are wondering if the “future of the franchise” will be the Assassin’s Creed infinity live service game. We know that it exists but have not yet seen it. GTA Online may not be for everyone, but we’ll see what happens.