A major new movement is on the horizon in the field of video games. According to Reuters, the Chinese media giant Tencent wants to increase its stake in the French video game studio Ubisoft. Having entered the capital in 2018, he already has a minority stake of 5% of the company.
According to Reuters, Tencent is considering buying all or part of the 15% owned by the Guillemot family. And 80 percent of the capital does not refrain from buying the shares of other shareholders. “Tencent can offer up to 100 euros ($101.84) per share to acquire this additional stake. Reuters explains. At €100, Ubisoft’s market value would reach €12.7 billion
Publication of the Reuters article sent Ubisoft shares soaring. The value of the stock listed on the Paris stock exchange rose 12.5% in the following hours, reaching a market capitalization of 6 billion euros. This potential offer price is “well…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.