Chinese video game company Tencent and the Guillemot family are planning to acquire the popular game developer Ubisoft. Following news of this potential acquisition, Ubisoft’s stock price surged by over 30%, according to an AP report.
The report indicates that Ubisoft has lost more than half of its market value in 2024. In response to this decline, Tencent and the Guillemot family are in discussions to ensure the company’s stability.
As of now, Ubisoft has not issued any official statement regarding the matter, and Tencent has also refrained from commenting.
