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french ubisoft is suddenly rumored to be selling itself out. can tencent bring this 3a company under its umbrella?

2024-10-06

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financial news agency, october 6 (editor zhao hao)according to media reports, people familiar with the matter revealed that tencent holdings and the guillemot family are considering the option of jointly acquiring french gaming company ubisoft entertainment and privatizing it.

ubisoft is a game production, publishing and distribution company headquartered in france, founded by the guillemot family. ubisoft's "assassin's creed" series is one of the representatives of global aaa games. other works include "rayman", "prince of persia", etc.

ubisoft is a game production, publishing and distribution company headquartered in france, founded by the guillemot family. ubisoft's "assassin's creed" series is one of the representatives of global aaa games. other works include "rayman", "prince of persia", etc.

tencent and guillemot brothers ltd. have been in discussions with advisers to find ways to stabilize ubisoft and increase its value, people familiar with the matter said. one option is to join forces to take ubisoft privately.

the option is still in its early stages and it is uncertain whether it will ultimately result in a deal, the people added. in addition, tencent and the gillimot family are also considering other alternatives.

affected by this news, ubisoft, which is listed in france, closed up 33.52% on friday, which was the largest single-day increase since the stock's ipo in 1996. despite this, the stock has fallen by about 40% year to date, and the company's latest total market value is us$2.03 billion.