Tencent is acquiring a stake in Ubisoft’s family holding
Ubisoft has announced a major strategic partnership with Tencent.
The Chinese gaming giant is set to acquire a 49.9% economic stake with 5% voting rights in Guillemot Brothers Limited, the holding company of Ubisoft’s founders.
Tencent’s investment in Guillemot Brothers Limited amounts to €300 million ($297 million).
Separately, Ubisoft has authorised Tencent to increase its direct stake in the Assassin’s Creed publisher from 4.5% to 9.99% of the capital or voting rights, a stake it will not be able to increase for a period of eight years.
Ubisoft said the partnership with Tencent “covers the development of mobile titles from several of Ubisoft’s major franchises and the launch of several of Ubisoft’s PC titles in China”.
The French publisher’s governance is unchanged by the deal and the Guillemot family retains exclusive control of Guillemot Brothers Limited.
More to follow…
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