Source: China’s largest game publisher adds Ubisoft to its massive portfolio
Vivendi is officially out of the picture—but Tencent’s Western dominance only rises.
"Ubisoft's protracted financial battle with French media company Vivendi ended on Tuesday with a surprise announcement: effective immediately, Vivendi is out of Ubisoft's financial picture. In order to retain its corporate structure, Vivendi's shares in the company have been bought up—and one of the biggest buyers, as it turns out, is major Chinese gaming publisher Tencent."
The other buyers involved include Ubisoft itself, which has bought up the majority of Vivendi's former shares, and the Ontario Teachers' Pension Plan. Vivendi, which formerly owned a whopping 27.3 percent stake in Ubisoft, has additionally pledged not to buy any Ubisoft stock for the next five years."
All of this means that Tencent is the company to watch right now for anybody interested in where money is moving in the world's triple-A gaming space.
Vivendi is officially out of the picture—but Tencent’s Western dominance only rises.
"Ubisoft's protracted financial battle with French media company Vivendi ended on Tuesday with a surprise announcement: effective immediately, Vivendi is out of Ubisoft's financial picture. In order to retain its corporate structure, Vivendi's shares in the company have been bought up—and one of the biggest buyers, as it turns out, is major Chinese gaming publisher Tencent."
The other buyers involved include Ubisoft itself, which has bought up the majority of Vivendi's former shares, and the Ontario Teachers' Pension Plan. Vivendi, which formerly owned a whopping 27.3 percent stake in Ubisoft, has additionally pledged not to buy any Ubisoft stock for the next five years."
All of this means that Tencent is the company to watch right now for anybody interested in where money is moving in the world's triple-A gaming space.
