If they dreamed of being the majority shareholder of the box, it will take a few more years for this to happen. But today Tencent took a big step forward in acquiring Ubisoft. By trading shares in the Guillemot Brothers Limited subsidiary, the Chinese giant now owns 49.9% of the company’s capital. For a value of 300 million euros, including 100 used to increase the capital, they also have 5% of the voting rights.
But this agreement does not stop at this simple investment, because some closes are also presented. Despite the sum paid, the Guillemot family keeps its company with an iron fist. Additionally, the Chinese company will not be represented on the board and has no approval or veto rights. And these restrictions do not only concern Guillemot Brothers Limited, but also its subsidiaries.
Tencent will be able to increase its capital at Ubisoft, but without exceeding 9.99%. For the company, which already owns 4.5%, this is a slight improvement, which will have been very expensive. Moreover, if the Chinese giant wishes to increase this participation, it will have to wait another 8 years. On the other hand, the resale can be done in the following 5 years.