Is Tencent buying Ubisoft?

Tencent has made a $297 million investment into Assassin's Creed maker Ubisoft. Ubisoft announced Tuesday that Tencent acquired a minority stake in Guillemot Brothers Limited, the company through which Ubisoft's founders have managed the greater Ubisoft corporation.

Is Ubisoft being acquired?

Given that Tencent has already displayed strong interest in Ubisoft's portfolio, it's therefore possible that it could acquire the company as it continues its expansion overseas. We listed Tencent as one of the top 50 mobile game makers of 2022. Tags: Acquisition.

How much Ubisoft sold to Tencent?

The Chinese tech giant will pay 200 million euros ($198 million) to buy an indirect stake in Ubisoft at an implied value of 80 euros per share, and invest a further 100 million euros in the holding company. The transaction also authorizes Tencent to eventually raise its direct stake to 9.99% from 4.5% currently.

Who is buying Tencent?

China's government is buying Alibaba and Tencent shares that give the Communist Party special rights over certain business decisions, report says. The letter F. An envelope.

What companies to Tencent own?

South African media company Naspers purchased a 46.5% share of Tencent in 2001. As of 2021, it owns 30.86% through Prosus, which also owns a stake in Tencent's sister companies, such as OLX, VK, Trip.com Group, Delivery Hero, Bykea, Meesho, Stack Overflow, Udemy, Codecademy, Brainly and PayU.

UBISOFT STOCK | Down 17 % on Tencent Buy-In | Why Investors DO NOT Like this News!

Why is Tencent buying everything?

Tencent is allegedly shifting its M&A strategy to "aggressively" focus on "buying majority stakes mainly in overseas gaming companies." As reported by Reuters, this change is in part due to Tencent's attempt to battle the slowing growth in its home country of China.

What is happening to Ubisoft?

Ubisoft's Project Q has now been reportedly cancelled. The PvP battle arena game was announced less than a year ago in April 2022. They've already delayed Skull and Bones six times now and the recent comments by CEO Yves Guillemot haven't helped.

Who owns most of Ubisoft?

Currently, 80 percent of Ubisoft shares are publicly owned. 15 percent are owned by the Guillemots, who are the company's largest single shareholders. Tencent owns the remaining five. Historically, Ubisoft has resisted attempts to wrestle control of the company away from its founders.

What is the relationship between Tencent and Ubisoft?

The latest deal makes Tencent Ubisoft's single biggest shareholder with an overall stake of 11%, which can be further increased to as much as 17%.

Who owns the most Tencent stock?

Who owns the most Tencent?

#1 Prosus. Prosus holds 29% of Tencent's shares, making it its largest shareholder. Prosus owns 2,765 million Tencent shares, representing 2,765 million shareholder votes. The market value of Prosus's stake in Tencent was $124.9 billion as of June 2022.

Why is Ubisoft stock falling?

Ubisoft has shown weak price action after the game studio Frontier Developments (OTC:FRRDF) warned that sales and profits for Q4 2022 will likely come in materially lower than what has been expected.

Why is Ubisoft struggling?

For the past few years, Ubisoft has been consistently plagued by internal issues involving alleged misconduct at the highest levels and struggles to grow company sales and live services beyond breadwinners like its “Assassin's Creed” franchise and “Tom Clancy's Rainbow Six Siege.”

Why are people leaving Ubisoft?

"I think abuse and toxicity are contributing factors but not deciding ones for most," a current Ubisoft developer said of why colleagues were bailing. But, they added, "Women and people of color experience them as deciding factors."

Is Ubisoft in financial trouble?

The gaming market is estimated to have shrunk 4.3% in 2022, according to market research firm Newzoo. The company stuck to January's forecast for an operating loss of around 500 million euros in its 2022-23 year. Ubisoft shares are down roughly 25% year-to-date, on top of an almost 40% drop in 2022.

Is Ubisoft bigger than Rockstar?

Rockstar Games's brand is ranked #27 in the list of Global Top 100 Brands, as rated by customers of Rockstar Games. Their current valuation is $20.75B. Ubisoft's brand is ranked #80 in the list of Global Top 100 Brands, as rated by customers of Ubisoft.

How much is Ubisoft in debt?

Total debt on the balance sheet as of September 2022 : $2.16 B. According to Ubisoft's latest financial reports the company's total debt is $2.16 B. A company's total debt is the sum of all current and non-current debts.

Does China own Ubisoft?

The Chinese conglomerate's investment into Ubisoft included 200 million euros in shares and 100 million euros in capital. For a total of nearly $300 million, Tencent has also secured a 49.9 percent economic stake and 5 percent voting rights in Guillemot Brothers Limited.

Will Ubisoft go back to Steam?

Ubisoft is the latest publisher to return to leading PC games marketplace Steam after a period of focusing on other stores. As spotted by Eurogamer, the company has created a Steam page for Assassin's Creed: Valhalla, the 2020 entry in Ubisoft's flagship series. It will release on December 6.

Is Ubisoft pulling out of Steam?

It's not clear why Ubisoft stopped putting its PC games on Steam or why it's coming back now, but it appears to be picking up where it left off: Valhalla was the 2020 flagship game in the Assassin's Creed series, with the next title, Assassin's Creed Mirage, not due till 2023.

Is Ubisoft removing Assassin's Creed?

Ubisoft has removed Assassin's Creed: Liberation HD from Steam as part of a larger online “decommissioning” of several of its titles, most notably on PC. What alarmed owners of the game was a notice by Ubisoft implying that those who purchased it would still lose access in September.

What is the downfall of Tencent?

The decline in valuation has robbed the company of its title of China's biggest company, replaced by liquor giant Kweichow Moutai. Shares of Tencent have tumbled 64% in Hong Kong since a January 2021 peak, wiping $623 bn off its market value by September 2022.

Why is Tencent losing value?

Shares of the online gaming company have tumbled 64% in Hong Kong since a January 2021 peak, wiping $623 billion off its market value. That's more than any other firm globally, driven by concerns about Tencent's outlook after Beijing's yearlong regulatory crackdown.

Should I hold Tencent or sell?

Tencent has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.