Tencent And Guillemot Family Consider Acquiring Ubisoft

According to PANews, sources indicate that Tencent and the French Guillemot family are contemplating the acquisition of Ubisoft. The discussions are reportedly in the early stages and may not necessarily result in a transaction. One of the possibilities being considered is the privatization of the company through a joint effort. Ubisoft's European shares have declined by 54% this year, with a market value of approximately 1.4 billion euros (1.5 billion USD). As per Ubisoft's latest announcement, Tencent holds 9.2% of the net voting rights as of the end of April, while the Guillemot family owns around 20.5%. This news led to a 10% surge in Ubisoft's U.S. shares, prompting a trading halt. Spokespersons for Ubisoft and the Guillemot family declined to comment, and a representative from Tencent was not immediately available for comment.