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Tencent, Guillemot Family Mull Ubisoft Buyout Amid Share Slump

Friday October 4, 2024. 04:41 PM , from Slashdot
Tencent, Guillemot Family Mull Ubisoft Buyout Amid Share Slump
Tencent and Ubisoft's founding Guillemot family are weighing a potential buyout of the French game maker, according to Bloomberg News. The move comes as Ubisoft's shares plunged 54% this year, hitting decade-lows after production delays and weak sales. Tencent, which bought 49.9% of Guillemot Brothers in 2022, holds 9.2% of Ubisoft's voting rights, while the Guillemots control 20.5%.

Further reading: Star Wars Outlaws Is A Crappy Masterpiece.

Read more of this story at Slashdot.
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https://slashdot.org/story/24/10/04/1430259/tencent-guillemot-family-mull-ubisoft-buyout-amid-share-...

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