Tencent and the French Guillemot family are considering acquiring Ubisoft
On October 4th, according to Bloomberg, sources said that Tencent and the French Guillemot family are considering buying Ubisoft. It is reported that the consideration of Ubisoft is at an early stage and may not lead to a deal. According to people familiar with the matter, one of the possibilities being discussed is to join forces to take the company private.
Ubisoft's European shares are down 54% this year and have a market capitalization of about 1.40 billion euros (1.50 billion dollars). According to Ubisoft's latest announcement, Tencent held 9.2% of Ubisoft's net voting rights as of the end of April, and the Guillemot family held about 20.5%. The news sent Ubisoft's US stock up 10% and suspended trading. Spokespeople for Ubisoft and the Guillemot family declined to comment. A representative for Tencent could not immediately comment.