--Chinese tech giant Tencent and Ubisoft Entertainment's founding Guillemot family are considering creating a venture that would include some of the French videogame company's assets, Bloomberg reports, citing people familiar with the matter.
--The new venture would boost Ubisoft's value and allow Tencent to gain more control over some of the company's intellectual properties, Bloomberg sources said. It would also allow China's largest publicly traded company to expand its videogame business outside of the country.
--According to Ubisoft's annual report, Tencent and the Guillemot family owned 25.4% of Ubisoft's share capital and 29.6% of the voting rights as of March 31. Earlier this month, the company said it expects a decrease in third-quarter net bookings and pushed back the release of its blockbuster game "Assassin's Creed Shadows."
Full story: https://shorturl.at/PCBZv
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
January 15, 2025 03:59 ET (08:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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