Tencent’s latest deal will help Ubisoft fend off takeover bids from larger corporations—like Tencent

Tencent is China’s most significant tech business and has long had its sights set on Ubisoft. It really is not on your own in this: as the market consolidates, the French publisher is one of the premier and most interesting targets out there, with a general public valuation of around $5.3 billion and globally recognised brand names like Assassin’s Creed, Far Cry, and the Tom Clancy online games.

In June Tencent appeared to boost its present 4.5% stake by producing a megabucks provide (opens in new tab) to Ubisoft shareholders of $101.84 for every share: a rate that represented a massive quality more than inventory that so far this calendar year has averaged a rate of significantly less than half that. In other words, this is the form of corporate aggression that will not take ‘no’ for an solution.

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