News Snapshot:
Axios journalist, Stephen Totilo, has revealed that the rumours that Tencent is looking to acquire French developer and publisher Ubisoft is incorrect. Tencent is extremely interested in Ubisoft, but it won’t be acquiring the company, instead the Chinese firm is choosing to invest heavily in the company. Tencent now has 49.9% stake in Guillemot Bros, which is the company run by Ubisoft’s co-founders that has the largest stake in Ubisoft. The investment cost Tencent around €300 million, but they won’t be given board seats. You can read the full details from Stephen down below,. Axios journalist, Stephen Totilo, has revealed...
