Ubisoft jumps on report founding family, Tencent in talks on possible buyout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 06 2024
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Source: SeekingAlpha
Ubisoft Buyout Talks: Ubisoft's stock surged 15% following reports that the founding Guillemot family is in discussions with Tencent about a potential management-led buyout, while ensuring the family's control remains intact.
Tencent's Stake and Response: Tencent, Ubisoft's second-largest shareholder, has not confirmed its involvement in the acquisition talks, and both parties have refrained from commenting on the rumors surrounding the buyout.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
