Tencent’s Share of French Game Firm Ubisoft Rises to 9.99%

(Source: Ubisoft)

The board of directors of French game company Ubisoft on September 6 authorized Chinese tech and gaming giant Tencent to increase its direct shareholding ratio from 4.5% to 9.99%.

Tencent will invest 300 million euros in Guillemot Brothers Limited to buy 49.9% of the latter’s shares and obtain 5% of voting rights. Of this amount, Tencent…