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Tencent, 49.9% of the stake in Ubisoft parent company

Tencent, 49.9% of the stake in Ubisoft parent company

The recent acquisition and sale rumors say that the CEO is not intended to sell the company, and Ubisoft, which refuted the rumor, is expected to face a new phase.

Ubisoft announced on the 6th that it plans to sell 5%of its voting rights with Tencent’s 49.9%stake in Tencent to a 49.9%stake in Guillemot Brothers Limited. Kite Mo Brothers Limited is a holding company founded by Ubisoft’s CEO Yves Guillemot.

This is not the first time Tencent has invested in Ubisoft. In 2015, Ubisoft joined hands with Tencent to prevent the attempts to merge the hostile acquisition of Bundy Group. At the time, however, there was no more investment as it was holding hands to stop the non-bangdi group. The relationship between Ubisoft and Tencent seems to change through this announcement. In addition to the sale of the holding company, news has been approved to increase Tencent’s share of Ubisoft’s stake from 4.5%to up to 9.99%.

Tencent

In some cases, the acquisition and sale rumors are rising over the surface. This is because the Quantico dream acquired by Netizen on August 31 also expanded its influence by acquiring a part of the equity of Quantico Dream S.A. on August 31.

However, as conscious of these rumors, Ubisoft wrote the investment as the purpose of investment, not the purpose of acquiring management rights. According to Ubisoft, Tencent will not be able to secure a 9.99% stake in Ubisoft for the next eight years, and sales will not be available for five years. In addition, in relation to the sale of equity, it includes provisions such as the need to negotiate with Kite’s family first.

Meanwhile, Ubisoft’s share price surged more than 11% in April that private equity funds are considering the acquisition of Ubisoft.

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