Tencent invests $297 million in Ubisoft founders' subsidiary

Last month, it was reported that the Chinese corporation Tencent was planning to buy a stake in the French publisher Ubisoft.

As it turned out, this information did not fully correspond to the real intentions of Tencent.

In fact, the Chinese giant will invest $297 million not in Ubisoft, but in the Guillemot Brothers Limited holding company, owned by the Guillemot family - the founders and owners of Ubisoft.

After the transaction, Tencent will receive 49.9% of the shares and 5% of the voting rights in Guillemot Brothers Limited, and will increase its stake in Ubisoft from 4.5% to 9.99%.

The Chinese separately emphasize that they do not intend to buy Ubisoft at this time.

Under the partnership with Tencent, Ubisoft plans to release mobile projects on its major franchises, as well as publish some of its PC games in China.