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Tencent Looking to Raise Stake in Ubisoft

Tencent

Tencent is reportedly looking to acquire a bigger piece of the pie in Ubisoft and is rumored to be willing to pay a significant price tag to do just that, according to Reuters.

The report, which cites “four sources with direct knowledge of the matter”, claims that Tencent wants to become the single largest shareholder in Ubisoft, the publisher for many popular titles, and is willing to pay up 10 $102 per share to facilitate a deal in the latest video game stock news reports.

“Tencent is very determined to nail down the deal as Ubisoft is such an important strategic asset for Tencent,” one reported source says.

Ubisoft shares opened today’s trading at $43.03, and following the report by Reuters, Ubisoft shares were trading up 15% at $49.24.

 

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