Tencent plans to lift its stake in French online game group Ubisoft Leisure because the Chinese language gaming big pivots to the worldwide gaming market, Reuters reported Thursday, citing 4 sources with direct information of the matter. From the report: China’s largest social community and gaming agency, which purchased a 5% stake in Ubisoft in 2018, has reached out to the French agency’s founding Guillemot household and expressed curiosity in rising its stake within the agency, the sources mentioned. It’s not clear how rather more Tencent desires to personal in Ubisoft, valued at $5.3 billion, however Tencent goals to develop into the one largest shareholder of the French firm with a further stake buy, two of the sources mentioned, talking on situation of anonymity. Tencent is hoping to purchase part of the extra stake in Ubisoft, the maker of the blockbuster “Murderer’s Creed” online game franchise, from the Guillemot household, which owns 15% of the agency, three of the sources mentioned. Tencent may provide as much as 100 euros ($101.84) per share to amass the extra stake, two of the sources with information of the interior discussions, mentioned. It paid 66 euros per share for the 5% stake in 2018.
