Ubisoft: core shareholder base increases stake
(CercleFinance.com) - Ubisoft announces that Tencent has acquired a minority stake in the capital of Guillemot Brothers Limited and has joined the company's founders.
Tencent's investment in Guillemot Brothers Limited amounts to 300 million euros (200 million euros in share acquisition and 100 million euros in capital increase), giving Ubisoft a transparent value of 80 euros per share.
Tencent is also providing a long-term, unsecured loan to Guillemot Brothers Limited to refinance its debt and provide additional financial resources to be used to increase its stake in Ubisoft.
The expansion of the concert with Tencent strengthens the anchoring of Ubisoft's core shareholder base around its founders and provides the company with the stability that is essential for its long-term development, Ubisoft's management said., adding that Tencent has indeed been a reference partner-shareholder for many leaders that have created some of the most outstanding games in the industry. This transaction confirms its ability to create significant value over the next few years.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
Tencent's investment in Guillemot Brothers Limited amounts to 300 million euros (200 million euros in share acquisition and 100 million euros in capital increase), giving Ubisoft a transparent value of 80 euros per share.
Tencent is also providing a long-term, unsecured loan to Guillemot Brothers Limited to refinance its debt and provide additional financial resources to be used to increase its stake in Ubisoft.
The expansion of the concert with Tencent strengthens the anchoring of Ubisoft's core shareholder base around its founders and provides the company with the stability that is essential for its long-term development, Ubisoft's management said., adding that Tencent has indeed been a reference partner-shareholder for many leaders that have created some of the most outstanding games in the industry. This transaction confirms its ability to create significant value over the next few years.
Copyright (c) 2022 CercleFinance.com. All rights reserved.