News Snapshot:
Julie Zhu and Selena Lee HONG KONG (Reuters) – Chinese gaming and social media giant Tencent Holdings is seeking a stake in Ubisoft to gain a foothold in the global gaming market, four people familiar with the matter told Reuters. Tencent, which acquired a 5% stake in Ubisoft in 2018, has approached the Guillemot family, founders of the French group, and expressed interest in increasing its stake in the company, sources said. Tencent, which is unknown how far it would like to go, will become Ubisoft’s major shareholder if successful, two sources said. To shore up, it could pay up...
