{"id":35836,"date":"2022-08-05T01:18:42","date_gmt":"2022-08-05T01:18:42","guid":{"rendered":"https:\/\/harchi90.com\/assassins-creed-publisher-could-see-tencent-take-the-reigns\/"},"modified":"2022-08-05T01:18:42","modified_gmt":"2022-08-05T01:18:42","slug":"assassins-creed-publisher-could-see-tencent-take-the-reigns","status":"publish","type":"post","link":"https:\/\/harchi90.com\/assassins-creed-publisher-could-see-tencent-take-the-reigns\/","title":{"rendered":"Assassin’s Creed Publisher Could See Tencent Take The Reigns"},"content":{"rendered":"
\n
\n
<\/p>\n
\n
\"An<\/div>\n<\/div>\n

<\/span><\/p>\n

Image: Ubisoft<\/figcaption><\/p>\n<\/div>\n

<\/figure>\n

Tencent appears to be doubling down on its investment in Ubisoft. While it already owns 5 percent of the Assassin’s Creed<\/em> publisher, Reuters<\/em> now reports<\/span> the Chinese mega-conglomerate with huge investments throughout the gaming industry has its sights set on becoming Ubisoft’s single biggest shareholder. Its plan for achieving that? Pay double what the stock is worth and buy some of it directly from the Guillemot family.<\/p>\n

\u201cTencent is very determined to nail down the deal as Ubisoft is such an important strategic asset for Tencent,\u201d one source told Reuters<\/em>. Tencent and Ubisoft have already partnered to bring the latter’s games to China, and the aim of this new deal would reportedly be to help Tencent pivot to bringing its games to a global audience. It’s also been over a year<\/span> since the company received a new license to release a game in China. <\/p>\n

Kotaku<\/em> previously reported that sources suggested Ubisoft CEO Yves Guillemot was looking for an off ramp<\/span> amid recent tourmoil and departures at the company. some longtime colleagues have left or were forced to resign, and Guillemot’s own end, Charlie, moved on last year<\/span> to co-found a fantasy sports NFT startup. A deal like this would be one way to ease the transition.<\/p>\n

To make that happen Reuters <\/em>reports that Tencent is willing to pay up to nearly $104 a share, more than double what Ubisoft’s stock is currently worth. Some of those shares would come directly from the Guillemot family, which founded Ubisoft in 1986, and currently own roughly 15 percent of it. Others would come from the rest of the public which holds about 80 percent. Tencent already owns 5 percent of the company, but would need to substantially increase that stake to surpass the Guillemot family as its single largest shareholder.<\/p>\n

Tencent’s current 5 percent stake came as part of a 2018 deal in which it helped the publisher fend off a hostile takeover attempt by French media conglomerate Vivendi. At the time, Tencent was prohibited from increasing its ownership. That limitation expired earlier this year, however. Reuters <\/em>reports that Tencent executives visited the Guillemot family in May to outline what a potential deal would look like. Bloomberg<\/em> previously reported in April that private equity companies were also interested in Ubisoft<\/span>which helped rally the stock price at the time.<\/p>\n

\n
\n

G\/O Media may get a commission<\/p>\n

\n
\n
\n
<\/div>\n<\/div>\n
\n

20% Off<\/p>\n

Logitech G502 Lightspeed Wireless Gaming Mouse<\/p>\n<\/div>\n<\/div>\n

\n

Gaming!<\/strong>
Uses exclusive ultra-fast wireless tech to make sure your mouse is faster than you are, can be sued alongside special software for highly-customizable performance, and has 11 buttons to mess around with, a hyper-fast scroll wheel, and RGB lighting too .<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

All of these moves come in the wake of a frenzy of mergers and acquisitions in the video game space. Microsoft proposed to buy Activision Blizzard for $69 billion in January. Sony bought Destiny 2<\/em> maker Bungie for over $3.6 billion shortly after. And Take-Two bought Zynga for $12.7 billion.<\/p>\n

The consolidation free-for-all has left many asking who will be next, and Ubisoft was a prime suspect. It has a deep catalog of major franchises, including Assassin’s Creed<\/em>, Far Cry<\/em>and Rainbow Six<\/em>, but is also struggling of late to deliver on some of them. Delays, duds, and turnover among many senior teams have left Ubisoft with a relatively anemic lineup of projects over the next year. And due to global market conditions, Yves Guillemot recently encouraged staff in an email to cut back expenses wherever possible.<\/p>\n

Tencent has also faced trouble recently, most notably in the domestic Chinese market where regulatory hurdles stalled new releases. The conglomerate lost tens of billions<\/span> in the process, with the freeze on new approvals only beginning to thaw earlier this year<\/span>though not for Tencent<\/span>.<\/p>\n

Ubisoft would be far from Tencent’s only major investment in the global gaming space. In addition to its own studios across North America and elsewhere, the conglomerate has continued snatching up smaller studios<\/span> even faster than competitors like Microsoft and Embracer Group. For now, however, it is still only the second-biggest gaming company in the world behind Sony. <\/p>\n

<\/p>\n

<\/p>\n<\/div>\n

.<\/p>\n","protected":false},"excerpt":{"rendered":"

Image: Ubisoft Tencent appears to be doubling down on its investment in Ubisoft. While it already owns 5 percent of the Assassin’s Creed publisher, Reuters now reports the Chinese mega-conglomerate with huge investments throughout the gaming industry has its sights set on becoming Ubisoft’s single biggest shareholder. Its plan for achieving that? Pay double what …<\/p>\n

Assassin’s Creed Publisher Could See Tencent Take The Reigns<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4],"tags":[1423,3643,246,329,5019,1522,15028,3645,678,286,1514,656,15029,12760,1422,447,279,15030,12674,15031],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":36131,"url":"https:\/\/harchi90.com\/tencent-poised-to-take-major-stake-in-french-publisher-ubisoft\/","url_meta":{"origin":35836,"position":0},"title":"Tencent Poised to Take Major Stake in French Publisher Ubisoft","date":"August 5, 2022","format":false,"excerpt":"Tencent looks poised to become the largest shareholder in Ubisoft, as it flies to France to secure a deal with the Guillemot family, who founded the firm and currently control 15 per cent of its shares. According to a report by Reuters, the Chinese juggernaut is aiming to become the\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"Tencent Ubisoft PS5 PlayStation 5 1","src":"https:\/\/i0.wp.com\/images.pushsquare.com\/aaefe91199c36\/tencent-ubisoft-ps5-playstation-5-1.900x.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":52300,"url":"https:\/\/harchi90.com\/the-ubisoft-subscription-service-may-soon-launch-on-xbox\/","url_meta":{"origin":35836,"position":1},"title":"The Ubisoft+ subscription service may soon launch on Xbox","date":"August 21, 2022","format":false,"excerpt":"Ubisoft's subscription service, Ubisoft + may soon launch on Xbox.A logo for the service has been found by @ALumia_Italia, a user that scrapes the Xbox backend. The service was announced to be coming to Xbox in January, but this could indicate that Ubisoft is getting to launch its currently PC-only\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33674,"url":"https:\/\/harchi90.com\/logitech-is-building-a-handheld-cloud-gaming-console-with-tencent\/","url_meta":{"origin":35836,"position":2},"title":"Logitech Is Building a Handheld Cloud Gaming Console With Tencent","date":"August 3, 2022","format":false,"excerpt":"Gaming tech company Logitech is teaming up with Chinese publisher Tencent to create a handheld cloud gaming console.Announced in a tweet from Logitech (below), the device \u2013 currently referred to only as the Logitech G Gaming Handheld \u2013 will support several cloud gaming services and is expected to be released\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11968,"url":"https:\/\/harchi90.com\/assassins-creed-liberation-is-getting-delisted-but-people-that-own-it-will-still-be-able-to-access-it\/","url_meta":{"origin":35836,"position":3},"title":"Assassin’s Creed Liberation is getting delisted, but people that own it will still be able to access it","date":"July 12, 2022","format":false,"excerpt":"UPDATE Ubisoft has clarified that decommissioning Assassin's Creed Liberation HD on Steam will only affect online features and DLC, and that players will still be able to access the games they have purchased once the process has gone through. \"As stated in our support article, only DLCs and online features\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29130,"url":"https:\/\/harchi90.com\/ousted-ubisoft-developer-ashraf-ismail-quietly-working-for-tencent\/","url_meta":{"origin":35836,"position":4},"title":"Ousted Ubisoft developer Ashraf Ismail quietly working for Tencent","date":"July 29, 2022","format":false,"excerpt":"Ashraf Ismail, former top developer on Assassin's Creed games for Ubisoft before his dismissal from the company in mid-2020, was hired last year to help lead development on a game at Tencent, Axios has learned.Why it matters: The new role amounts to a second chance for a developer whose fall\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61192,"url":"https:\/\/harchi90.com\/next-assassins-creed-is-mirage-stars-basim-set-in-baghdad\/","url_meta":{"origin":35836,"position":5},"title":"Next Assassin’s Creed is Mirage, stars Basim, set in Baghdad","date":"August 30, 2022","format":false,"excerpt":"A French YouTuber said the next Assassin's Creed game will make a return to the series' roots \u2014 in more ways than one \u2014 in a video partially corroborated by Bloomberg industry writer Jason Schreier. The game's title \u2014 Assassin's Creed Mirage \u2014 and setting, Baghdad in the late 9th\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"fifu_image_url":"https:\/\/i.kinja-img.com\/gawker-media\/image\/upload\/c_fill,f_auto,fl_progressive,g_center,h_675,pg_1,q_80,w_1200\/5af3f8fd4f35e853d6484408c1dac7bf.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/35836"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=35836"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/35836\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=35836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=35836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=35836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}