Ubisoft responds to rumors about Tencent’s possible buyout

Ubisoft responds to rumors about Tencent’s possible buyout

October 7, 2024



Ubisoft is addressing rumors that Tencent is exploring a buyout of the French sport writer — despite the fact that it isn’t pronouncing a lot presently. In a observation on Monday, Ubisoft stated it “continuously critiques all its strategic choices within the hobby of its stakeholders and can tell the marketplace if and when suitable.”One of the crucial choices Ubisoft is thinking about is taking the corporate non-public, in step with Bloomberg. Tencent, which recently has a couple of 10 p.c stake in Ubisoft, additionally owns 49.9 p.c of Guillemot Brothers Ltd. Ubisoft says it’s recently enthusiastic about open-world and live-service video games.

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