As reported by Stephen Totilo of Axios via Twitter, Tencent bought new ones Ubisoft shares and thus obtained 9.99% of the company, doubling its share. In total, he invested another 300 million euros in the French company, which adds up to all his past investments.
Right now Guillemot Bros, the company run by Ubisoft’s co-founders, is still Ubisoft’s majority shareholder with 29.9%. Simply put, the Guillemot family has in no way lost control over their company.
Furthermore, Tencent he did not get a seat on the board of directors, neither at Ubisoft nor at Guillemot Bros. The agreement also stipulates that Tencent cannot sell its shares for five years. Finally, Tencent will give Guillemot Bros a loan to refinance its debt.
Tencent will also be the publisher of “many” Ubisoft games AAA for mobile and for PC within China. The Chinese territory is difficult to navigate and having a partner like Tencent could be essential to be able to win over the players of that region.
The value of Ubisoft shares could also increase shortly, if it can convince the stock market with its conference, or the Ubisoft Forward: here are the games that will be shown at the event.
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