China’s largest social network and gaming firm, which bought a 5% stake in Ubisoft in 2018, has reached out to the French firm’s founding Guillemot family and expressed interest in increasing its stake in the firm, the sources said.
It is not clear how much more Tencent wants to own in Ubisoft, valued at $5.3 billion, but Tencent aims to become the single largest shareholder of the French company with an additional stake purchase, two of the sources said, speaking on condition of anonymity
At this point anything that happens to Ubisoft can’t make it any worse than it already is.
I wonder if the French state has anything to say about it?
Yeah, I’m inclined to agree. I just hope the Anno series can somehow survive the fall of Ubisoft, because I’d hate to see that one go. :(
Oh God, yes, this.
The stakes usually involve a 1% holding in a key segment and are known as “special management shares,” which give Beijing rights over certain decisions at the companies.
Tencent has a stake in so many game companies now. This is troubling.
“Give us a free hand with Taiwan or no games for you!”
“Give us access to ALL your customer data.”