Tencent is reportedly looking to acquire a larger stake in French publisher Ubisoft.
publisher, is seeking a larger share of the company and has “reached out to the French firm’s founding Guillemot family and expressed interest in increasing its stake in the firm”.
However, Reuters notes that it’s unclear how much more of the company Tencent wishes to purchase. Ubisoft is currently valued at $5.3 billion.The Guillemot family, including CEO Yves, owns 15% of the company. Three of the sources speaking to Reuters claimed that this is part of the company that Tencent seeks to acquire.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blizzard and NetEase have reportedly cancelled a Warcraft MMORPG for mobile | VGCBlizzard and NetEase have reportedly cancelled a World of Warcraft MMORPG for mobile after three years in development because of a financial dispute
Read more »
MultiVersus Season 1 and Morty have been delayed | VGCSeason 1 of MultiVersus, which was due to start on August 8, has been delayed. Morty from Rick & Morty will also not be added to the game on this date.
Read more »
Nintendo ‘will not be announcing new hardware this year’ | VGCFurukawa says the plan is to manufacture enough Switch consoles to reach its sales goal…
Read more »
Marvel’s Spider-Man Remastered is Steam Deck verified | VGCInsomniac has confirmed that the PC version of Marvel’s Spider-Man Remastered is Steam Deck verified
Read more »
The MultiVersus Season 1 Battle Pass will have 50 tiers and cost around $10 | VGCThe MultiVersus Season 1 Battle Pass will include 50 tiers and cost around $10 / £8, according to developer Player First Games
Read more »