Tencent invested 300 million euros in Ubisoft; Owns about half of Ubisoft

Ubisoft has announced that the Chinese tech giant Tencent has 300 million euros (about $297.2 million) on Ubisoft's main shareholder, Guillemot Brothers Limited has invested and bought shares there.

BingMag.com Tencent invested 300 million euros in Ubisoft; Owns about half of Ubisoft

Ubisoft has announced that the Chinese tech giant Tencent has 300 million euros (about $297.2 million) on Ubisoft's main shareholder, Guillemot Brothers Limited has invested and bought shares there.

With this move, Tencent will acquire 49.9% of the economic shares and 5% of the voting rights in Guillemot Brothers Limited, which represents The implied valuation for Ubisoft is around 80 euros per share.

In the published press release, the CEO and one of the founders of Ubisoft, Yves Guillemot, says about this investment: "This investment is the main stock. It strengthens Ubisoft around its founders and provides the company with the stability it needs for long-term development.

BingMag.com Tencent invested 300 million euros in Ubisoft; Owns about half of Ubisoft

In early August, news broke that claimed that Tencent wanted to become the largest shareholder of Ubisoft and effectively take it over. The company previously owned a small percentage of the shares of the publisher of games such as Assassin's Creed and Just Dance, but sought to increase its share, which included the purchase of 15% of the shares from the Guillemot brothers (Yves, Christian, Claude, Michel and Gerard ) would have been.

Guilmot continues to explain: Tencent is a partner and major shareholder of many leading companies in the industry that have created some of the most prominent video games. This transaction will strengthen our ability to create strong values over the coming years."

On the other hand, the president of Tencent, Martin Lao, wrote in his statement: "This agreement also with Our philosophy aligns with investing alongside creative founders who are confident they can lead their companies to new heights. Ubisoft has demonstrated that it can consistently create world-class entertainment that includes some of the most successful franchises in the industry.

Tencent also extended a long-term unsecured loan to Guillemot Brothers Ltd. to service its debt. to settle However, Ubisoft will not be directly affected by this deal. The way the French company is run will remain unchanged and Tencent will not have any veto rights in the company's work.

BingMag.com Tencent invested 300 million euros in Ubisoft; Owns about half of Ubisoft

Earlier this year, Yves Guillemot admitted If the condition is that Ubisoft still maintains its independence, its acquisition by another company is not impossible.

Tencent makes its presence in the video game industry stronger day by day and invests in more big and well-known companies. . Last week, it was announced that Tencent and Sony have bought a part of the shares of the studio that created the Elden Ring game, FromSoftware Studio, and have increased their shares in this company.

Leave a Reply

Your email address will not be published.