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The veteran game merchant Ubisoft redeemed all the stocks and reached a strategic cooperation with Tencent

Mar 24, 2018

The veteran game merchant Ubisoft redeemed all the stocks and reached a strategic cooperation with Tencent

After experiencing numerous previous acquisitions and anti-buying verbal battles, Ubisoft and Vivendi finally "participated." The Ubisoft official announced last night that it had reached a withdrawal agreement with Vivendi and Ubisoft bought back all of its shares held by Vivendi. At the same time, it promised to no longer buy any Ubisoft shares within five years.

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As part of this transaction, Ubisoft and Tencent announced today that they have reached a strategic partnership. Ubisoft CEO and co-founder Yves Guillemot said in a related announcement: "The strategic partnership we have reached (with Tencent) will enable Ubisoft to accelerate its development in China in the next few years and make full use of the huge potential market. ”



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