Tencent Purchases a 49.9% "Minority Passive Stake" in the Ubisoft Founder's Company

Tencent Purchases a 49.9% "Minority Passive Stake" in the Ubisoft Founder's Company ...

Ubisoft has announced that Tencent has acquired "a 49.9% economic share with 5% voting rights in Guillemot Brothers Limited," Ubisoft's largest shareholder and a business founded by Ubisoft's CEO and founder, Yves Guillemot, and his family.

Ubisoft says in a press release that this investment will strengthen the company's "core shareholding through the expansion of the concert around the group's founders to the benefit of its long-term stability and development."

Tencent is providing Guillemot Brothers with a "long-term unsecured loan to refinance its debt," according to the official statement.

The press release also reveals that Guillemot Brothers Limited remains exclusively controlled by the Guillemot family:

Tencent will not be represented on its Board of Directors, nor will it receive any consent or veto rights over the business.

This collaboration will presumably support Ubisoft's efforts in the Chinese gaming market, and the press release states that it will develop mobile titles from several of Ubisoft's major franchises as well as the launch of several of Ubisoft's PC games in China.