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FX.co ★ Tencent And Guillemot Family Explore Potential Buyout Of Ubisoft Amid Market Value Decline : Report

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typeContent_19130:::2024-10-04T23:45:00

Tencent And Guillemot Family Explore Potential Buyout Of Ubisoft Amid Market Value Decline : Report

Tencent Holdings Ltd. and the Guillemot family, the founders of Ubisoft Entertainment SA, are currently evaluating multiple strategies, with the possibility of acquiring the French video game developer. This comes in response to a notable decrease in Ubisoft's market value this year, as reported by Bloomberg.

Both the Chinese technology conglomerate and Guillemot Brothers Ltd. have enlisted the assistance of advisors to consider approaches that could stabilize Ubisoft and improve its valuation. Among the options being considered is a collaboration that might result in taking the company private, according to sources familiar with the situation.

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