Tencent purchased a minority equity of the Holding Family of Ubisoft Entertainment SA, a minority equity of the Assassin's Creed series game developer.A voter voted for this fast -growing industry.
According to the Wall Street Journal, Ubisoft said on Tuesday (September 6) that Tencent has purchased 49.9%of the GUILLEMOT BROTHERS LIMITED 49.9%, which was the holding company of the Guillemot family of Ubisoft in 1986EssenceThe Chinese social media and game giants invested about $ 300 million in the holding company, of which 200 million US dollars were used to acquire stocks and another $ 100 million for capital increase.
Ubisoft's board of directors also approved Tencent to increase its direct shareholding on Ubisoft from 4.5%to 9.99%.
Tencent President Liu Chiping said that with the continuous development of immersive gaming experience and introducing some of Ubisoft's most well -known top games into the mobile game field, the company is happy to expand with the founder of the companyCooperation of the Guillemot family.
The Guillemot family will still retain their control over the Guillemot Brothers Limited, and Tencent will not have representatives in its board, nor will it obtain the company's consent or veto.
