Ubisoft CEO said that Tencent’s capital investment will not affect cooperation with other companies
Ubisoft announced last week that Tencent has invested about 300 million euros in Guillemot Brothers Limited, its largest shareholder, for a roughly 49.9% stake in Guillemot Brothers Limited. This move allowed Tencent to increase its shareholding in Ubisoft from 4.5% to 9.99%. The deal also confirms rumors over the past few months that Tencent wants to expand its stake in Ubisoft.
Recently, Ubisoft CEO and co-founder Yves Guillemot said in an interview with the media that after the deal with Tencent, Ubisoft is still free to cooperate with other companies. Tencent’s capital investment is a big negotiation, its primary purpose is to control its own destiny, and it needs to maintain complete independence.
“We remain totally independent and we can act with any outside company if we want to,” said Guillemot, who along his four brothers founded Ubisoft in 1986. “That was a big negotiation with Tencent,” he added. “We can do whatever we want.“
