• Tech News
    • Games
    • Pc & Laptop
    • Mobile Tech
    • Ar & Vr
    • Security
  • Startup
    • Fintech
  • Reviews
  • How To
What's Hot

Elementor #32036

January 24, 2025

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

April 18, 2024

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

April 16, 2024
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
    1. Games
    2. Pc & Laptop
    3. Mobile Tech
    4. Ar & Vr
    5. Security
    6. View All

    Bring Elden Ring to the table with the upcoming board game adaptation

    September 19, 2022

    ONI: Road to be the Mightiest Oni reveals its opening movie

    September 19, 2022

    GTA 6 images and footage allegedly leak

    September 19, 2022

    Wild west adventure Card Cowboy turns cards into weird and silly stories

    September 18, 2022

    7 Reasons Why You Should Study PHP Programming Language

    October 19, 2022

    Logitech MX Master 3S and MX Keys Combo for Business Gen 2 Review

    October 9, 2022

    Lenovo ThinkPad X1 Carbon Gen10 Review

    September 18, 2022

    Lenovo IdeaPad 5i Chromebook, 16-inch+120Hz

    September 3, 2022

    It’s 2023 and Spotify Still Can’t Say When AirPlay 2 Support Will Arrive

    April 4, 2023

    YouTube adds very convenient iPhone homescreen widgets

    October 15, 2022

    Google finishes iOS 16 Lock Screen widgets rollout w/ Maps

    October 14, 2022

    Is Apple actually turning iMessage into AIM or is this sketchy redesign rumor for laughs?

    October 14, 2022

    MeetKai launches AI-powered metaverse, starting with a billboard in Times Square

    August 10, 2022

    The DeanBeat: RP1 simulates putting 4,000 people together in a single metaverse plaza

    August 10, 2022

    Improving the customer experience with virtual and augmented reality

    August 10, 2022

    Why the metaverse won’t fall to Clubhouse’s fate

    August 10, 2022

    How Apple privacy changes have forced social media marketing to evolve

    October 16, 2022

    Microsoft Patch Tuesday October Fixed 85 Vulnerabilities – Latest Hacking News

    October 16, 2022

    Decentralization and KYC compliance: Critical concepts in sovereign policy

    October 15, 2022

    What Thoma Bravo’s latest acquisition reveals about identity management

    October 14, 2022

    What is a Service Robot? The vision of an intelligent service application is possible.

    November 7, 2022

    Tom Brady just chucked another Microsoft Surface tablet

    September 18, 2022

    The best AIO coolers for your PC in 2022

    September 18, 2022

    YC’s Michael Seibel clarifies some misconceptions about the accelerator • DailyTech

    September 18, 2022
  • Startup
    • Fintech
  • Reviews
  • How To
Behind The ScreenBehind The Screen
Home»Games»Tencent reportedly want a bigger piece of the Ubisoft pie
Games

Tencent reportedly want a bigger piece of the Ubisoft pie

August 6, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Watch Dogs 2 on Game Pass is a fun Hackers homage
Share
Facebook Twitter LinkedIn Pinterest Email


Chinese gaming and social media giants Tencent have approached Ubisoft’s founders, the Guillemot family, in an effort to expand their stake in the AAA publisher, Reuters report. Tencent acquired a 5% stake in Ubisoft in 2018 and now multiple anonymous sources are now saying that Tencent intends to become the single largest shareholder in the publisher, a company valued at almost $6 billion (£4.9 billion).

Alice Bee shares her favourite thing about the most recent Assassin’s Creed, Viking romp Valhalla.


Representatives of Tencent are reported to have flown to France in May to discuss the investment with members of the Guillemot family. According to sources, Tencent are also seeking to buy up publicly owned shares to help in their efforts to become majority shareholder. Public shareholders currently own 80% of Ubisoft’s shares, with another 15% held by the Guillemots and the remaining 5% at Tencent.


Share prices were up for both Ubisoft and the Guillemots’ holding company after the Reuters report was published earlier today. Tencent are looking to expand outside of their home country after being effectively frozen in the Chinese gaming market, the world’s largest, since the government there stopped granting new monetisation licences last summer. Licences started being issued again this April, but have yet to include Tencent.


Tencent have been investing in studios outside China for a number of years, acquiring League Of Legends developers Riot Games in 2015. I could go into just how many studios they’ve been buying majority and minority stakes in but, crikey, there’s a lot. Here’s just a few beyond Riot: Epic Games, Platinum Games, OtherSide Entertainment, Sumo Digital… Oh wait, Imogen already compiled a round-up last summer. It’s nothing that other large organisations haven’t done – hi, Embracer Group – but Ubisoft is one of the biggest publishers going, so there’s that.

See also  Why This Award-Winning Piece of AI Art Can’t Be Copyrighted


Earlier this week, Tencent announced they were teaming with Logitech to produce a cloud gaming handheld. The device is intended to support more than one cloud service, and they’re already working with Xbox Cloud Gaming and NVIDIA GeForce Now. Ubisoft games have been increasingly finding their way onto Microsoft’s Game Pass for PC and console, while Ubisoft’s rebranded Ubisoft+ subscription service has been available via cloud on Google Stadia and Amazon Luna since late 2020.


Campaign group A Better Ubisoft tweeted an update on July 28th revealing that none of the demands made in their open letter to the company a year earlier had been met. The letter was signed by 1000 current and former Ubisoft employees. A Better Ubisoft estimate that 25% of those who were at the company when the letter was published have since left, 39% of whom identify as female. “Women represent just 25.4% of our global workforce,” A Better Ubisoft said. “Which means that we are massively disproportionately losing women who signed our open letter calling for more action to tackle abuse.” After the letter was published, CEO Yves Guillemot claimed that “important progress” had already been made.


So far, Ubisoft have declined to comment on any deal with Tencent. It seems, though, that the consolidation of the games industry continues. How would you feel about Tencent grabbing a larger slice of Ubisoft?



Source link

bigger Pie Piece Reportedly Tencent Ubisoft
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

April 18, 2024

Why This Award-Winning Piece of AI Art Can’t Be Copyrighted

September 7, 2023

How a pandemic pivot helped this photo booth company see a bigger picture – Startup

January 28, 2023

Apple iPhone 14 Plus review: It’s an iPhone, but bigger

October 11, 2022
Add A Comment

Comments are closed.

Editors Picks

One Solution to the Food Waste Problem: Eat Your Garbage

September 30, 2022

Twitter’s edit button, BeReal clones, Trump’s Truth Social gets blocked – DailyTech

September 4, 2022

Amazfit Band 7 review

June 9, 2023

How the issue of hiring healthcare workers has change into a fertile floor for startups – DailyTech

July 29, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Elementor #32036

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.uk - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.