Chinese tech giant Tencent and the Guillemot family are reportedly discussing the acquisition of French game publisher Ubisoft to make it a private entity. The move follows Ubisoft's revenue setback due to the upcoming game 'Assassinâs Creed: Shadows.' As a publicly traded company, Ubisoft's primary shareholders are the Guillemot family and Tencent. The talks suggest a transition to private ownership, similar to Elon Musk's Twitter buyout. This shift would free Ubisoft from shareholder obligations and financial disclosures. The CEO, Yves Guillemot, may aim to retain control while benefiting from Tencent's financial support. The potential buyout has caused Ubisoft's shares to rise significantly. If successful, the collaboration could create a global alliance of blockchain-friendly gaming companies. Despite uncertainties, the timing aligns with Ubisoft's recent stock performance and industry trends. Read more AI-generated news on: https://app.chaingpt.org/news
Potential Acquisition of Ubisoft by Tencent and Guillemot Family
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