Crypto-friendly gaming giant Tencent considering Ubisoft buyout: Report
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Tencent and Guillemot Family in Talks: Tencent and the Guillemot family are reportedly negotiating to buy French gaming company Ubisoft, potentially taking it private, amid speculation about Ubisoft's future following a revenue forecast drop for "Assassin’s Creed: Shadows."
Impact of Buyout Speculation: Ubisoft shares have surged over 30% due to buyout rumors after experiencing a significant decline over the past year, with the potential for the companies to collaborate on blockchain and crypto-friendly gaming initiatives if the deal goes through.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
