Gamy5 Aug 2022 01:44
?? Tencent is getting aggressive in the global gaming market. To expand its reach in the industry, the company plans to expand its take in ‘Assassin’s Creed’ maker Ubisoft, which it took a 5% stake in roughly four years ago. Ubisoft shares rallied over 20% after the news broke, as public investors own approximately 80% of the French firm’s shares. Therefore, to gain a meaningful stake, it’s expected that Tencent may have to buy some shares in the open market. Reuters has more.