Ubisoft has been in the crosshairs of Chinese colossus Tencent for some time now. For the time being, however, the gaming giant from the Far East seems to be focusing on bigger loot. He drew attention to the parent company Guillemot Brothers Limited, which owns Ubisoft. He invested a cool $300 million in it, buying almost half of the ownership of it. More precisely, 49.9%, which gives him the opportunity to partially determine the direction in which the company will move. The giant investment represents only a fraction of the funds Tencent has chosen to spend on its expansion into the West.
According to journalist Steven Totilo, he invested his money in paying off significant debts of Guillemot Brothers Limited, which gave the company the opportunity to increase its control over Ubisoft. Thus, Tencent, together with Guillemot Brothers Limited, will have a much greater influence on the direction of the studio than ever before. Overall, however, this could benefit him, as in the long run, his parent company will have far more funding at its disposal than ever before and, in fact, be able to gain easier access to the Chinese market.
NEWS: Tencent is NOT buying Ubisoft. But he’s investing heavily in the company, announcing a new investment of €300 million (roughly the same in US dollars) – a 49.9% stake – in Guillemot Bros, the company run by Ubisoft’s co-founders, which has the largest stake in Ubisoft.
— Stephen Totilo (@stephentotilo) September 6, 2022
Source :Indian TV
