1 year 8 months ago
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Tencent is looking to acquire a larger piece of Ubisoft and is willing to pay a significant premium for it, according to a Reuters report.
Citing "four sources with direct knowledge of the matter," Reuters says Tencent wants to become the single largest shareholder in the Assassin's Creed publisher, and is willing to pay up to €100 ($102) per share to make it happen.
Ubisoft shares opened today's trading at €42.24 ($43.03), making an offer of that size a 137% premium on the price. After Reuters published its report, Ubisoft shares were trading up 15% to €48.33 ($49.24).