Reuters: Tencent needs to grow to be the biggest shareholder of Ubisoft – IT Professional – Information

Chinese language tech big Tencent needs to grow to be the biggest shareholder in French sport writer Ubisoft. That is reported by Reuters, citing a number of sources. Tencent is alleged to have already contacted the Guillemot household, which owns a 13.2% stake in Ubisoft.

Tencent has in keeping with Reuters already owns 5 % of Ubisoft shares, however needs to extend that proportion. For this, he turns to, amongst different issues, the French Guillemot household, who based Ubisoft in 1986 and nonetheless 13.2 % shares belongs to the writer. In line with a global information company, different traders are additionally being contacted to purchase shares.

Tencent’s initiative comes after Yves Guillemot, CEO of Ubisoft, mentioned months in the past that the corporate was open to a attainable takeover. “Ubisoft can stay unbiased. Our property is wanted by the world’s largest leisure and know-how gamers. Nonetheless, if there’s a suggestion to purchase us, the board of administrators will after all think about it fastidiously, holding the significance of shareholders in thoughts,” it sounded then.

In line with Reuters, Tencent needs to keep away from Chinese language authorities restrictions on these investments. He divided by 9 months no licenses extra for video games that may additionally generate earnings. From April licenses will likely be distributed once more this 12 months.

Final 12 months, Tencent additionally got here into battle with the Chinese language authorities. Then Tencent might quickly no extra have to replace apps and video games in China as a result of they have been topic to scrutiny by authorities who wished to guarantee that an excessive amount of private knowledge was not being collected. Final 12 months, Chinese language authorities additionally launched new guidelines permitting minors to play Chinese language on-line video games for 3 hours every week. The foundations have been in keeping with native authorities designed to guard the psychological and bodily well being of youngsters. Recreation firms are additionally required to register the actual identities of underage gamers in China. Tencent has even mentioned it needs to make use of facial recognition for this.

tencent it the biggest gaming firm on this planet. The Chinese language tech big has smartphone video games equivalent to Honor of Kings, Conflict of Clans, PUBG Cell and Name of Obligation: Cell in its portfolio and makes billions of {dollars} yearly. Tencent’s gaming division is sort of 3 times the scale of Activision-Blizzard, the biggest “conventional” sport writer.

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