• Tencent Reportedly Looking to Increase Its Stake in Ubisoft

    12 days ago - By VG Chartz

    Tencent is reportedly looking to increase its stake in the French gaming publisher and developer Ubisoft, according to Reuters who spoke with four sources familiar with the matter.
    The Chinese social network and gaming firm bought a five percent stake in Ubisoft in 2018 and recently spoke with Ubisoft's founding Guillemot family with interest to increase its stake.
    It isn't clear how much more stake Tencent wants to buy in Ubisoft, which is currently valued at $5.3 billion. However, Tencent does want to become the largest shareholder of Ubisoft, according to two of the sources.
    Three of...
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