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Tencent and Guillemot family considering buyout of Ubisoft | Bloomberg report
Bloomberg reported that Tencent and Ubisoft’s founding Guillemot family are discussing a potential buyout of the French video game developer.
Bloomberg reported that Tencent and Ubisoft ’s founding Guillemot family are discussing a potential buyout of the French video game developer, in a story citing unnamed sources. Ubisoft has lost more than half its market value in 2024, and it has taken a pounding for a poorly received Star Wars: Outlaws open world title and a delay in its holiday release Assassin’s Creed: Shadows. In 2022, Tencent bought 49.9% of the Giullemot Brothers holding company in addition to its stake in Ubisoft as part of a friendly investment that helped ward off any hostile takeover.
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