The last two years it’s been a while difficult for almost all major video game companies, and this also includes Ubisoft. After flood of scandals that has affected the entire industry, and that did not even spare the French houseAnd the pandemic that has lengthened processing times of the games, the financial shares that the company sells on the stock exchange went from 100 euros to just 44which denotes a decidedly substantial loss of economic power.
Just in reaction to this collapse, Tencentthe Chinese video game giant, which has acquired part of practically all the video game companies in the world, has decided to increase its influence on Ubisoft, buying other shares in order to raise the manufacturer and increase its voting power in the board that heads it.
Having said this from the words of Yves Guillemot, CEO of Ubisoft, it seems that the transaction has been well received by all parties involved:
Tencent is a key shareholder in many industry leaders who have produced some of the biggest games [di questo periodo]. This transaction strengthens our ability to create high value products for years to come.
There Tencent was already a Ubisoft shareholder since 2018but it looks like this expansion is really nothing more than a loan of the total of 300 million euro deed a pay off the debt accumulated by the French company.
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