To those familiar with Tencent, this news will likely come as no surprise. The Chinese holding company has been making dozens (not an exaggeration) of purchases over the past few years, and raking in massive profits as a result.
Advert
Advert
They currently have a 35% stake in Epic Games, a 14% stake inAlan WakeandControldeveloper Remedy Entertainment, and a 16.25% stake inDark SoulsandElden Ringdeveloper FromSoftware.
They also already own a 9.99% stake in Ubisoft, following a deal they struck back in 2023.
This news follows several pieces of financially worrying announcements on Ubisoft’s behalf, including the delay ofAssassin’s Creed Shadowsand reportsthatStar Wars Outlawsunderperformed.
Advert
Advert
If Bloomberg’s report is accurate, they undoubtedly have enough control in the company to approve Tencent’s buyout.
19,000 employees are currently working at Ubisoft, but that’s likely not what Tencent is interested in acquiring.
Popular properties such asAssassin’s Creed, Rayman, Far Cry, Prince of Persia, andJust Dancewould be included in the purchase, which Tencent would of course be free to do with as they wish. Maybe we’ll get another Prince of Persia film!
Now, call me a downer if you want, but this isn’t good news to me.
Advert
Advert
Ubisoft may be on a bit of a losing streak at the moment, but I’m not particularly fond of Tencent’s attempts to acquire every video game studio under the sun.
We’re slowly moving toward a future where only a handful of companies own every piece of intellectual property in existence, and Tencent are moving a little too fast and splashing around a little bit too much cash for my liking.
On the plus side, what if they make a newRaymangame?! Never mind, hell yeah! Massive technological conglomerates are great actually!
Topics:Ubisoft,Far Cry,Assassins Creed
