Tencent and Ubisoft's stake in Ubisoft

Tencent, China's largest IT company, plans to increase its stake in French game group Ubisoft Entertainment.

According to foreign sources such as Reuters on the 5th, Tencent, which holds a 5%stake in Ubisoft, plans to expand its acquisition for a single shareholder.

In particular, Tencent wants to buy Ubisoft stocks with a premium higher than the stock price, and there are also observations that he hopes to acquire the GUILMOT family, which owns a 15%stake. Tencent's move has been in progress since May.

Tencent is turning globally as the regulations of Chinese game authorities have recently increased. Tencent was excluded with four Panho (game service in China) this year. It is an analysis that such a local situation in China has accelerated global advancement.

Tencent failed to merge with Ubisoft's parent company Biddy in 2018.

Earlier, Tencent bought a 9%stake in Frontier, a British game company after buying a $ 8.6 billion stake in the mobile game 'Clash of Clan' developer. Last year, the company acquired Sumo, a British game developer, for about 1.4 trillion won, and also had a turtle rock studio that developed 'Back 4 Blood'.