News Snapshot:
Quick Summary: Chinese tech giant Tencent increased its stake in Ubisoft via an investment in an entity controlled by the Guillemot family who founded the French gaming firm. Tencent's investment continues a flurry of deals in the video games space this year, particularly from Asian firms, that began with Microsoft's proposed $68.7 billion acquisition of Activision Blizzard in January followed by Sony's takeover of Bungie, the maker of hit games Halo and Destiny. The Guillemot brothers founded Ubisoft in 1986 and have fought hard to keep the company independent and protected from a takeover.
