MacMusic  |  PcMusic  |  440 Software  |  440 Forums  |  440TV  |  Zicos
tencent
Search

Tencent, Guillemot Family Mull Ubisoft Buyout Amid Share Slump

Friday October 4, 2024. 04:41 PM , from Slashdot
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.
https://slashdot.org/story/24/10/04/1430259/tencent-guillemot-family-mull-ubisoft-buyout-amid-share-...

Related News

News copyright owned by their original publishers | Copyright © 2004 - 2024 Zicos / 440Network
Current Date
Dec, Wed 18 - 14:25 CET