“Shares of French video game publisher Ubisoft surged over 30% on Friday after a media report that Tencent and the firm’s founding Guillemot family are considering a potential buyout of the company.
Bloomberg News reported Friday that Tencent and the Guillemot family, which are both minority shareholders of Ubisoft, are considering a buyout among other options after the company lost more than half its market value this year.
Shares of Ubisoft spiked 33% by the market close Friday following publication of the report.”
With Tencent already being very involved with the Guillemot family and helping Ubisoft survive a hostile takeover, I could definitely see this happening.
My only question is if the French government will allow a Chinese company to purchase an iconic French company like Ubisoft,
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