Tencent already owns a 5% stake in the French publisher.

news, microsoft

Tencent is reportedly planning to take a bigger stake in Ubisoft. A report says that Chinese tech and gaming giant Tencent is looking to acquire a bigger stake in the French gaming juggernaut, Ubisoft, best known for franchises such as Assassin’s Creed and Far Cry. Tencent already owns a 5% stake in the company, which it acquired back in 2018.

The Reuters report states that Tencent has reached out to Ubisoft’s founding Guillemot family and expressed an interest in increasing their stake in the company. The Chinese company holds stakes in several major gaming publishers, including Epic Games, Activision Blizzard, Krafton, Remedy Entertainment, and many more. This essentially makes them the biggest gaming company in the world.

As it currently stands, 80% of Ubisoft’s shares are owned by public shareholders, which Tencent might be looking to acquire and become the single-largest shareholder in the company.

Tencent Seeking to Become the Single-Largest Shareholder in Ubisoft

Neither Tencent nor Ubisoft have commented regarding the Chinese company looking to increase its stake in the company. The Guillemot family currently owns 15% of Ubisoft and Reuters reports that Ubisoft shares surged 16% since 2010 and are currently valued at $5.3 billion USD. Additionally, it is reported that Tencent could be willing to offer up to 100 euros per share to acquire the additional stake.

Ubisoft has had a string of back-to-back successes with the likes of both major tentpole franchises, Assassin’s Creed and Far Cry, posting major numbers in terms of sales. If Tencent were to become the single-largest shareholder in Ubisoft, things are liable to change very quickly and drastically.

The French publisher has a number of successful IPs, including Tom Clancy’s Rainbow Six, Ghost Recon, and Splinter Cell. It will be interesting to see how this story develops as this could easily be one of the biggest gaming acquisition stories alongside Microsoft-Activision and Sony-Bungie.

TECH NEWS RELATED

Final Fantasy Director Naoki Yoshida Admits the Famous RPG Series is 'Currently Struggling'

The solution, Yoshida says, may be to continue developing all sorts of different Final Fantasy titles.

View more: Final Fantasy Director Naoki Yoshida Admits the Famous RPG Series is 'Currently Struggling'

These files have properties that can’t be read

While opening a media file in the Photos app, if you get These files have properties that can’t be read, so we couldn’t add them error, here is how you can get rid of the issue. It appears when you try to open or import them in the Windows Photos app ...

View more: These files have properties that can’t be read

Preview: 2023 Dodge Hornet brings Charger, Challenger influences to small crossover segment

Dodge revealed the Hornet, its entry into the small crossover SUV game, on Tuesday during its Speed Week celebration in Pontiac, Michigan, but it won’t just be a daily commuter. Offered in two models with two powerful engines and a bent toward performance, the Hornet borrows from the Charger ...

View more: Preview: 2023 Dodge Hornet brings Charger, Challenger influences to small crossover segment

Motorists warned about potential changes to Auckland driving, with Transport Emissions Reduction Pathway revealed

Photo / Supplied Auckland Council revealed on Monday its proposed plan for the Transport Emissions Reduction Pathway, which aims to achieve a 64 percent reduction of transport emissions for the city by 2030.  Mayor Phil Goff believes the plan is achievable, though “hugely ambitious.” The plan is intended to ...

View more: Motorists warned about potential changes to Auckland driving, with Transport Emissions Reduction Pathway revealed

Aston Martin DBX 707 review: taming wild horses

Photos / David Linklater Aston Martin DBX 707 $390,000 Price 3.3 sec 0-100 kmph 14.2L Fuel Economy 520kW Power Pros Astonishingly fast by any measure Still full of finesse Comprehensive reboot of the DBX  Cons Ancient infotainment system Doesn’t look dramatically different to DBX Somebody forgot to fill the ...

View more: Aston Martin DBX 707 review: taming wild horses

Everything To Know About Fortnite x Dragon Ball Super | GameSpot News

In this episode of GameSpot News, we’re giving you all the information you need about Fortnite x Dragon Ball and revealing what you can expect from the next Game Pass drop.

View more: Everything To Know About Fortnite x Dragon Ball Super | GameSpot News

Metroid Prime 4 At E3 2018: What We Know And Hope To See

What's next for Metroid?

View more: Metroid Prime 4 At E3 2018: What We Know And Hope To See

The Next James Bond Could Be Younger, Ruling Out Previous Favorites

Sorry - Tom Hardy and Idris Elba are out.

View more: The Next James Bond Could Be Younger, Ruling Out Previous Favorites

What is VPN on iPhone, and why you should consider it

Crave Total is $50 off just in time for House of the Dragon

Samsung’s Galaxy Z Fold 4 and Flip 4 feature new ‘Light’ battery-saving mode

What Is the $Windows.~BT Folder (And Can You Delete It)?

Microsoft Floats Uncertain Plans for Skype for Business Server 'VNext'

Can The 2023 Chevrolet Silverado ZR2 Bison Take On The F-150 Raptor?

She-Hulk Might Be A More Central MCU Character Than You Expect

God save us: Tony the Tiger and his milk-cooled PC come to Twitch

Apple AirTag reveals Florida airline worker stole thousands of dollars of luggage

Australian hacker devises jailbreak to run Doom on John Deere combines

For An Additional P 1.45M, You Can Order Your Dodge Challenger With a Convertible Top

Volvo-Owned Polestar Will Build This 884-Horsepower EV Roadster

OTHER TECH NEWS

Top Car News Car News