Chinese holding company tencent trying to become the largest shareholder Ubisoft. Under the proposed deal, she would own as much or more of the company as the Guillemot family that founded Ubisoft.
Tencent owns 5 percent of Ubisoft as of 2018., paid 66 euros per share. 15 percent are controlled by the co-founders. According to several Reuters sources, Tencent’s goal should be to approach that number, and preferably surpass it.
Tencent is paying dearly for this investment, which is why it had to offer up to €100 per Ubisoft share, more than double the average Ubisoft share price. Over the past few months, Ubisoft shares have been worth 44 euros. on sale.
In a Reuters report, Ubisoft’s share price rose 15 percent amid expectations of how a possible deal between the French company and the Chinese giant would play out. Tencent sees Ubisoft as a strategic investmenteven to the extent that he is considering the possibility of negotiations with private shareholders, from whom he will buy out part of 80 percent of the shares and thus gain more control over the publisher of Assassin’s Creed, Far Cry and other famous brands.
The Guillemot family had previously resisted attempts by other firms to gain control of Ubisoft.. In 2016, Vivendi tried to do just that. Since then, however, the position of the leadership has softened. This is evidenced by the comment of the longtime head of Ubisoft. Yves Guillemot said in May that the company would consider all acquisition offers, although it has what it takes to remain independent.
“We have always made decisions with our stakeholders – employees, players and shareholders in mind.” Guillemot remarked. “Ubisoft can remain independent: we have the talent, the finances and the portfolio. However, if there is an offer to buy, the board of directors will, of course, consider it.”
“We have a lot of capital, and we can remain independent while ensuring the creation of valuable products, because we have the right people, technologies, communities and brands.
WHAT AMONG OTHER OWN TENTENT
- Funcom (100% stake)
- Riot Games (100%)
- Sumo Group (100%)
- Turtle Stone Studio (100%)
- Fulcrum Games (100%)
- Epic games (40%)
- Don’t nod (22.63%)
- Glitch Team (22%)
- Miraculous, G-Mode, Xseed Games (20%)
- Crafton, Bluehole Studio (13.6%)
- Frontier developments (9%)
- Ubisoft (5%)
- Paradox Interactive (5%)
- Remedy Entertainment (5%)
- Fatshark (majority)
- miniclip (most)
- Tequila Works (majority)
- Klei Entertainment (majority)
- Collective 10 chambers (majority)
- Yager Development (majority)
- Voodoo (minority)
- Bohemia Interactive (minority)
- Payload studios (minority)
- Playtonic Games (minority)
- Offworld Industries (minority)
Source :Indian TV
