Friday, 24 March, 2023

Ubisoft's CEO says they're still open to other partnerships after Tencent deal

<p>Ubisoft&#39;s co-founder and CEO, Yves Guillemot, stated that the company is still open to working with other partners despite an agreement in which China&#39;s Tencent would increase its ownership share in the firm. Following a difficult day for Ubisoft&#39;s shares, which fell 17% after the company disclosed Tencent will become its sole largest shareholder with an overall interest of 11%, Guillemot made his remarks. The deal values Ubisoft at $10B dollars.</p>