Tencent and France's Guillemot family reportedly considering acquisition of Ubisoft
According to Mars Finance news, Tencent and the French Guillemot family are considering acquiring Ubisoft. It is reported that the consideration for Ubisoft is still in the early stage and may not lead to a transaction. Insiders said that one of the possibilities being discussed is to work together to privatize the company. Ubisoft's European stocks have fallen 54% this year, with a market value of around 14 billion euros (15 billion US dollars). According to Ubisoft's latest announcement, Tencent holds a net voting right of 9.2% in Ubisoft as of the end of April, and the Guillemot family holds about 20.5%. This news has driven Ubisoft's share price to surge 10% and trading has been suspended. Ubisoft and the Guillemot family's spokespeople declined to comment. A Tencent spokesperson said they could not comment immediately.
