Tencent and Ubisoft's Founding Family May Consider Acquiring Ubisoft

TapTechNews October 4th news, according to Bloomberg, Tencent Holdings Limited and the founding family of Ubisoft Entertainment, the Guillemot family, are considering options including the potential acquisition of Ubisoft, and Ubisoft's market value has dropped by more than half this year.

Insiders revealed that Tencent and the Guillemot family have been in conversation with advisors to help explore ways to stabilize Ubisoft and enhance its value. Insiders said one of the possibilities they are discussing is to jointly take the company private.

The share price of Ubisoft has fallen by 54% this year on the Paris Stock Exchange, and currently the company's market capitalization is about 1.4 billion euros (TapTechNews note: currently about 10.868 billion yuan). According to the company's latest annual report, as of the end of April, Tencent held 9.2% of Ubisoft's net voting rights, while the Guillemot family held about 20.5%.

Some minority shareholders, including AJ Investments, have been pushing Ubisoft either to go private or to sell to strategic investors in the case of a sharp drop in the share price. The current consideration is at an early stage, and it is not certain whether a deal will be reached. According to insiders, Tencent and the Guillemot family are also considering other alternative plans.

As of TapTechNews' dispatch, Ubisoft, the Guillemot family, and Tencent have not responded to this.