Ubisoft jumps on report of Tencent interest
04/08/2022 11:38
** Shares in Ubisoft UBIP.PA soar 14.4% after Reuters
reported China's Tencent 0700.HK planned to raise its stake in
the French video game maker, citing four sources with direct
knowledge of the matter
** China's largest social network and gaming firm, which
bought a 5% stake in Ubisoft in 2018, has reached out to the
French firm's founding Guillemot family and expressed interest
in increasing its stake in the firm, the sources said
urn:newsml:reuters.com:*:nL8N2YP2FP
** Tencent could offer up to 100 euros ($101.84) per share,
two of the sources with knowledge of the internal discussions
said
** Tencent and Ubisoft declined to comment
** Representatives of the Guillemot family, which owns 15%
of Ubisoft, could not be immediately reached for comment
** Shares in Guillemot Corporation GTCN.PA are up 7.6%
** Ubisoft tops France's SBF 120 index .SBF120 and shares
are on track for their best day since 2004 at 48.13 euros
(Reporting by Valentine Baldassari and Dagmarah Mackos)
((Valentine.baldassari@tr.com))