Tencent is on track to acquire a 49.9% economic stake with 5% voting rights in Guillemot Brothers Limited. They've invested approximately $297 million in Guillemot Brothers Limited and were authorized by Ubisoft to raise its stake directly from 4.5% to 9.99% of the capital or voting rights in the publisher. It isn't surprising to see this partnership following the Chinese media giant seeking to buy shares from Ubisoft last month.
Even though Tencent has the authorization to raise its stake in Ubisoft, it won't be able to increase further until after eight years. The partnership will cover "the development of mobile titles from several of Ubisoft's major franchises and the launch of several of Ubisoft's PC titles in China." In the middle of all this, the Guillemot family remains unchanged and still has exclusive control of Guillemot Brothers Limited.
In May, Ubisoft's CEO Yves Guillemot reassured investors during the company's full-year earnings call (transcribed by VGC) that the publisher would "remain independent." Any partnership would be seen as strategic cooperation to help with building more entertainment and tech.
"We have the talent," Guillemot continued. "The industrial and financial scale, and a large portfolio of powerful IPs to create massive value in the coming years," adding more weight to Ubisoft's independence. However, Ubisoft is willing to "review any offer in the interest of all shareholders and of [their] great teams."
Where this goes from here is anyone's guess, but with a Ubisoft Forward showcase planned for September 10, the studio is slowly gaining the eye of many before the day comes.
About the Author
Anthony Jones is a gaming journalist and late 90s kid in love with retro games and the evolution of modern gaming. He started at Mega Visions as a news reporter covering the latest announcements, rumors, and fan-made projects. FFXIV has his heart in the MMORPGs scene, but he's always excited to analyze and lose hours to ambitious and ambiguous MMOs that gamers follow.
Chimeraland Devs Reveal Overhaul Plan To Implement New MMO Elements, Cross Server Matching, Content, And More
Seems they've been keeping track of player feedback.By Anthony Jones - 1 year ago
You May Enjoy
Huge War Thunder "Sons of Attila" Update Implements Roadmap Additions, New Vehicles, And More
There's a lot of new and shiny in War Thunder.By Troy Blackburn - 4 days ago
TGS 2023: Wayfinder Teases New Lion-Warrior Grendel In Trailer By “Spider-Man: Across The Spider-Verse” Co-Director
Grendel arrives later this Fall.By QuintLyn Bowers - 2 days ago
New World Teams Up With Content Creators For A "New And Returning" Player Guide
Now's a great time to jump into New World.By Troy Blackburn - 3 days ago
💣 Feature | Top 10 MMORPGs You Can Play On Steam
The best of the best MMORPG Games on Steam.By Troy Blackburn - 1 week ago
Here’s How To File A Claim For Your Part Of That $245 Million Fortnite Settlement
The FTC is now notifying people that they may be eligible.By QuintLyn Bowers - 4 days ago
Bungie Shows Off Destiny 2's New Supers And Addresses The Crafting Issues
Also, the Jumpmaster campaign goes live and deterministic recoil for specific weapons was introduced.By Matthew D'Onofrio - 1 day ago