Rumor: Tencent plans to increase stake in Ubisoft

Hong Kong holding Tencent plans to increase its stake in the French video game company Ubisoft Entertainment SA. The holding wants to become the largest shareholder in Ubisoft.

For the first time in the structure of Ubisoft, the Chinese giant appeared in 2018. Then Tencent acquired a 5% stake in the company. The French gaming group is currently valued at $5.3 billion and the largest shareholder is the Guillemot family, the founders of Ubisoft. They own 15% of the shares.

It is not yet known if Tencent plans to buy the entire company. Representatives of the parties declined to comment on such rumors. The desire of the Hong Kong holding to expand abroad is explained by the fact that Tencent has not received new gaming licenses in China since July last year.

Ubisoft Entertainment SA was founded in 1986 by Michel Guillemot and Yves Guillemot. The company is engaged in publishing and game development. In total, Ubisoft has more than 30 studios around the world. The French publisher is known for such series of games as Assassin's Creed, Far Cry, Watch Dogs, Rainbow Six, Splinter Cell and others.