The company could offer over $100 per share.
Tencent is reportedly planning to raise its stake in Ubisoft. Reuters' sources say the Chinese company, which bought a 5% stake in Ubisoft in 2018, has talked about it with the Guillemot family, which founded Ubisoft and now owns 15% of the company.
Insiders also say Tencent aims to become Ubisoft's single largest shareholder with another stake purchase and could offer up to 100 euros ($101.84) per share to do it. For reference, it paid 66 euros per share for the 5% stake in 2018.
The report states Tencent will also seek to acquire shares from public shareholders of Ubisoft.
Seems like Tencent is focused on strengthening its influence in the international market, which is not surprising considering China's restrictions. The country's gaming regulator hasn't allowed Tencent to get any new game licenses since June last year, before it put gaming approvals on hold for nine months.
Due to the regulations, Chinese gaming revenues declined for the first time in 14 years.
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