Hong Kong According to insiders, the Chinese technology group Tencent wants to gain a stronger foothold in the global games market. Therefore, the tech giant wants its stake in the French video games group Ubisoft Stock up on entertainment with titles like Assassin’s Creed. This is reported by the Reuters news agency, citing four insiders.
China’s social networking and gaming leader, which bought 5 percent of Ubisoft in 2018, has reached out to the French company’s founding family, Guillemot, expressing interest in a buyout.
Tencent’s goal is to become the largest single shareholder in France, two of the insiders said. The group could offer up to 100 euros per Ubisoft share. In 2018, Tencent paid 66 euros per share for the five percent stake.
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