News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
TENCENT, Gillemot Consider Creating New Entity to Inject Ubisoft's Assets
The acquisition of Ubisoft, the distributor of online game “Assassin's Creed”, and TENCENT (00700.HK) has been put on hold, mainly due to the unwillingness of the f...
Reset
Send
The window will close in 5 seconds
TENCENT, Gillemot Consider Creating New Entity to Inject Ubisoft's Assets
Close
Recommend
6
Positive
15
Negative
6
 
SHORT SELL
 
STOCK INFO

The acquisition of Ubisoft, the distributor of online game “Assassin's Creed”, and TENCENT (00700.HK)  +9.400 (+2.466%)    Short selling $1.07B; Ratio 11.411%   has been put on hold, mainly due to the unwillingness of the founder's family, the Gillemot family, to relinquish control of the company and the fact that the two parties failed to reach consensus on the matter, according to foreign media.

TENCENT and the Gillemot family are considering creating a new entity that would include some of Ubisoft's assets, according to Chinese media.

Related NewsCLSA Prefers Games/ Travel/ Local Services/ Trade-in Policy Beneficiaries in CN Internet Sector This Yr; Top Picks TENCENT/ XIAOMI-W/ TRIP.COM-S/ NTES-S/ MEITUAN-W/ JD-SW/ Didi
It was also reported that Ubisoft's management did not directly answer questions about the acquisition during a conference call last Thursday (9th), which might disappoint some investors who were hoping to learn about the Company's future direction.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-24 16:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.