Sources reveal that Tencent and France's Guillemot family are contemplating a potential acquisition of Ubisoft (UBI, Financial). However, discussions are at an early stage and may not result in a transaction. One option under consideration is a joint effort to privatize the company.
Ubisoft's shares in the European market have declined by 54% this year, giving the company a market value of approximately 1.4 billion euros (1.5 billion dollars). According to the latest announcement from Ubisoft, Tencent holds 9.2% of the net voting rights as of the end of April, while the Guillemot family owns about 20.5%.
The news of a possible acquisition led to a 10% surge in Ubisoft's stock price, prompting a trading halt. Representatives from both Ubisoft and the Guillemot family did not comment, and a Tencent representative was not immediately available for comment.
