In recent years, the Chinese company Tencent has been investing in a significant number of video game studios. One of those investments was made in 2018, when it signed an alliance with Ubisoft, becoming the owner of 5% of the shares of the French publisher and developer.

In that same year, the company behind series like Assassin's Creed and Far Cry managed to avoid a hostile takeover by Vivendi. In recent times, Ubisoft has claimed to have no interest in selling, a situation that apparently would not be entirely true according to a new report.

Tencent wants to own the majority of Ubisoft

According to multiple sources, Tencent is looking to buy the majority of Ubisoft to expand its presence on the board of directors of the European company.

Not long ago, the Guillemot family, which owns about 15% of Ubisoft's shares, made public its intention to acquire all of Ubisoft to avoid any possibility of a sale. However, now it seems they would be interested in negotiating with Tencent.

To become the main shareholder of the European company, Tencent would offer up to $101 for each additional share.In comparison, in 2018 he paid the amount of $66 per share to get 5% of the company.

"Tencent is very determined to get the deal done as Ubisoft is such an important strategic asset for Tencent," said a source familiar with the deals, who preferred to remain anonymous.

This report has already benefited the company and its owners. Ubisoft shares have increased their value by 15%, while those of Guillemot Corp also traded higher. For now, neither Tencent nor Ubisoft have commented on this rumor through any means.

What do you think? Would you like Tencent to become the majority shareholder of Ubisoft? Tell us in the comments box below.

Stay tuned for more at LEVEL UP.

Source