Tencent Aims to Increase Stake in Ubisoft, Reuters Reports
04 August 2022 - 01:19PM
Dow Jones News
-- Tencent Holdings Ltd. plans to increase its stake in French
video game company Ubisoft Entertainment SA, Reuters reports,
citing unnamed sources.
-- The Chinese company contacted the Ubisoft's founding
Guillemot family to express its interest in increasing its stake
beyond the 5% it bought in 2018, according to Reuters.
-- Tencent could offer up to 100 euros a share ($101.6) to
expand its stake, Reuters reports.
-- Ubisoft wasn't immediately available for comment. According
to Reuters, both companies declined to comment.
Full story: https://reut.rs/3QnNV5r
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
August 04, 2022 07:04 ET (11:04 GMT)
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