The post Tencent increases its stake in Ubisoft via Guillemot Brothers partnership appeared first on Destructoid.
Tencent, continuing to expand its presence in the global gaming industry, has increased its stake in French publisher Ubisoft via a new a partnership with Guillemot Brothers Limited (GBL).
In addition, Tencent will give GBL a long-term loan in order to purchase more stake in Ubisoft.
And thus, by proxy, Tencent owns almost half of GBL stock, while GBL now has the cash to purchase up to 29.9% of Ubisoft stock, complete with voting rights.
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