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Chinese Tencent wants to become majority shareholder of Ubisoft

News Snapshot:

Tencent wants to increase its stake in Ubisoft by buying shares from the Guillemot family, but also from public shareholders. A takeover that would fit perfectly into the Chinese giant’s expansion strategy. After big American studios like Riot Games or Epic Games, Tencent would like to take the biggest French video game studio under its wing. According to Reuters, the Chinese company wants to become the majority shareholder of Ubisoft, of which it has already held 5% since 2018. Also according to internal and anonymous sources, the Chinese juggernaut is currently pursuing an aggressive strategy to achieve its ends. Convince…

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