Tencent Seeks Bigger Stake in 'Assassin's Creed' Maker Ubisoft

Tencent plans to raise its stake in French video game group Ubisoft Entertainment as the Chinese gaming giant pivots to the global gaming market, Reuters reported Thursday, citing four sources with direct knowledge of the matter. From the report: 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. Tencent is hoping to buy a part of the additional stake in Ubisoft, the maker of the blockbuster "Assassin's Creed" video game franchise, from the Guillemot family, which owns 15% of the firm, three of the sources said. Tencent could offer up to 100 euros ($101.84) per share to acquire the additional stake, two of the sources with knowledge of the internal discussions, said. It paid 66 euros per share for the 5% stake in 2018.

Very, very out of touch here

[willoughby]

When I read the headline I thought Tencent was a rap singer.

Re:

[jacks smirking reven]

Remember 50 Cent? He's back, in 1/5 size.

crap buying shit

[Osgeld]

seems like a good match

Meh

[Asynchronously]

Luckily Ubisoft doesn’t really make any games worth playing.

Tencent Seeks Bigger Stake in 'Assassin's Creed' M

[AugustBlack]

What about gambling? It seems to me that this is a good alternative to various computer games. I found a cool site parimatch.in [parimatch.in] that has all kinds of gambling, including sports betting, so I can always find something to suit my mood. I also want to note the opportunity to play the demo version if you are afraid to immediately play for money.