Bigger stake: Visitors walking past a billboard displaying the ‘Skull and Bones’ game at a video game fair in Cologne, Germany. Tencent’s investment in Guillemot Brothers, which owns the bulk of the family’s 15% stake in Ubisoft, amounts to €300mil (RM1.3bil). — AFP
BEIJING: Chinese tech giant Tencent is increasing its minority stake in Ubisoft in a deal with the company’s founding family that values France’s biggest video game maker at more than €10bil (US$9.88bil or RM44.4bil) amid a wave of buyouts in the industry.
The deal underscores the appetite of deep-pocketed Chinese gaming giants for foreign studios and comes just a week after the acquisition by NetEase of unlisted French video games maker Quantic Dream.
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