Ubisoft founders, the Guillemot family, are reportedly in talks with Tencent to form a new venture. While the details on this are scant, it will allow them to bring along some of Ubisoft’s own assets in a bid to raise the company’s value, according to a report by Bloomberg.
Neither company has outwardly confirmed this move, but the report indicates that deliberations on this move are currently happening in private. If this deal were to go forward, Tencent would also own a stake in the new venture and more control over Ubisoft.
When asked about this, a Ubisoft spokesperson mentioned the announcement from last week where the company revealed that it is hiring advisors to help it explore the best ways the company can extract value from its assets.
Reports from December have indicated that this new venture would only be the latest in a long-running negotiation between the Guillemot family and Tencent. They indicated that Guillemot was negotiating with Tencent to figure out how to maintain control over Ubisoft.
At the time, Tencent made an offer that would result in it having greater control over Ubisoft’s board of directors. The company was also seemingly fine waiting for the Guillemot family to agree to a deal.
