Tencent wants to take control of Ubisoft

The Chinese company Tencent plans to become the largest shareholder of the French publishing house Ubisoft. This was reported by Reuters sources.

In 2018, the Chinese IT giant acquired 5% of Ubisoft shares.

Now Tencent representatives have approached the Guillaume family, which controls 15% of the publishing house, with an offer to buy back additional shares. Another 80% is owned by various shareholders.

Tencent offers up to €100 per share as part of its global expansion strategy.

Against the background of this news, Ubisoft shares rose in price by 15%, and the shares of the holding company Guillemot Corp - by 7%.

Earlier it became known that the Guillaume family is trying to save Ubisoft by attracting private investment.

Due to numerous problems, the publishing house was also forced to switch to a cost-saving mode and cancel a number of projects.