Tencent and Guillemot Family’s Ubisoft Plans

Tencent and Guillemot Familys Ubisoft Plans

Tencent and the Guillemot family are considering creating a new venture that includes some of Ubisoft’s assets.

Chinese technology giant Tencent and Guillemot, the founding family of French video game company Ubisoft, are planning to create a new venture that will include some of Ubisoft’s assets. According to Bloomberg, the parties are evaluating the assets to be included in this initiative and their valuations. This potential deal aims to give Tencent greater control over some of Ubisoft’s intellectual property and support its expansion outside of China.

Is Tencent’s Global Strategy Ubisoft?

Tencent has long been aiming to become a global player in the gaming industry. This initiative could enable the company to gain more foothold in the gaming market outside China. Tencent is already a shareholder of Ubisoft and plans to further deepen its cooperation with this new initiative. The deal aims to increase the value of Ubisoft’s assets and strengthen the company’s influence internationally.

With this initiative, the Guillemot family aims to secure the future of the company by preserving Ubisoft’s independence. Ubisoft has been going through a difficult process in recent years due to increasing competition and cost pressures. Therefore, the collaboration between the Guillemot family and Tencent could be the beginning of a new era for Ubisoft.

The potential deal is expected to further increase Tencent’s influence in the global gaming industry. The company aims to bring games, especially those for which it owns intellectual property rights, to a wider audience. On the other hand, while such collaborations create new opportunities for the gaming industry, they also come with some criticism. Tencent’s increasing control could raise concerns for independent studios in the industry.

Although the negotiations are still at an early stage, it is anticipated that this initiative will be an important step for both Tencent and Ubisoft. Details of the agreement are expected to become clear in the coming months.

mrkn-tech-game