Tencent (TCEHY) and the Guillemot family are considering options including a potential buyout of Ubisoft (UBSFY) after the company lost more than half its market value this year, Vinicy Chan, Dong Cao and Benoit Berthelot of Bloomberg report, citing people familiar with the matter. Tencent and Guillemot Brothers Ltd. have been speaking with advisers to help explore ways to stabilize Ubisoft and bolster its value, with one of the possibilities being teaming up to take the company private, sources told Bloomberg. Shares of Ubisoft surged over 26% in New York following the news.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCEHY:
- Epic CEO Sweeney says ‘Fortnite’ maker ‘financially sound,’ GI.biz reports
- Game On: Ubisoft cuts financial targets after ‘Assassin’s Creed Shadows’ delay
- A Renowned Billionaire is Bullish on China – Let’s Investigate how to Invest in China via ETFs
- Epic Games accuses Google, Samsung of blocking app rivals, Reuters reports
- Costco reports Q4 earnings beat, Cassava to settle SEC charges: Morning Buzz
