According to Reuters, who spoke to four sources familiar with the matter, Chinese social network and gaming firm Tencent is reportedly looking to increase its stake in French game publisher and developer Ubisoft.
The Chinese social networking and gaming firm acquired a five percent stake in Ubisoft in 2018 and recently held talks with the Guillemot family, co-founder of Ubisoft, to increase its stake. Tencent currently owns $5.3 billion worth of Ubisoft shares, and it’s unclear how much more shares it wants to buy. But Tencent wants to become Ubisoft’s largest shareholder, according to two sources.
Three of the sources state that Tencent wants to buy a stake in the Guillemot family, which owns 15 percent of the shares in Ubisoft. Another source said, “Since Ubisoft is a very important strategic institution for Tencent, both sides are determined to sign the agreement.”
