Tencent Holdings Ltd is looking to boost its skateboarding Assassin’s Creed and Mario + Rabbit Publisher Ubisoft Entertainment, according to reports.
from Reuters, the Chinese gaming giant bought a 5% stake in Ubisoft back in 2018 but is now looking to increase that and effectively become the French publisher’s largest single shareholder. The company is looking to buy shares directly from the Guillemot family, who now own 15 percent of Ubisoft after founding the company in 1986.
Additionally, it will reportedly seek to acquire shares from public shareholders to increase its ownership; currently, about 80% of Ubisoft’s shares are owned by public shareholders.
At the time of writing, it’s unclear how much stake Tencent wants to own in Ubisoft, with the caveat that deal details haven’t been finalized and could change. Both Ubisoft and Tencent declined to comment on the matter, but a Reuters source said Tencent was “very firm in finalizing the deal because Ubisoft is such a strategic asset for Tencent”.
As for Ubisoft itself, the company will release Mario + Rabbit Fire of Hope on Nintendo Switch on October 20th later this year.
What do you think about Tencent’s potential to become the largest single shareholder of Ubisoft? Share your thoughts in the comments below.