Tencent increases stake in FromSoftware parent company Kadokawa to 7.97%
Tencent previously owned 6.86% of the Japanese conglomerate.
League of Legends Might Get Banned in US; Tencent Games in Trouble
Riot fans in the US are panicking as League of Legends might potentially get banned in the US. This speculation came after Mobile Legends: Bang Bang suspended its operations
Tencent and Guillemot Family Thinking of Building New Venture With Ubisoft Assets – Report
Tencent and the Ubisoft founders the Guillemot family are reportedly mulling over building a new venture. According to people familiar with the situation, the new entity would include certain assets…
Ubisoft And Tencent Could Create A “New Venture” As Part Of Major Change
A new report may contain fresh clues about the apparent partnership between Ubisoft and Tencent, Ubisoft's fortunes continue to slide and the company looks for a way forward.Bloomberg reported that…
Ubisoft Investors Grill CEO, CFO on Potential Tencent Sale, Delays, and Financial Woes
In an emergency conference call today, investors grilled CEO Yves Guillemot and CFO Frederick Duguet for answers on Ubisoft's troubled financials, continued cost cuts, and ongoing rumors the company was…
Ubisoft Refuses To Comment On Tencent Rumors But Says It’s Exploring Options To Maximize Value
As part its delay of Assassin's Creed Shadows, Ubisoft has announced that it's putting plans in place to pursue "various transformational strategic and capitalistic options" to help put itself in…
US Blacklists Tencent Over Alleged Ties With Chinese Military
In the world of video games, Tencent is one of the major players in part because it owns Riot Games--the company behind League of Legends--as well as stakes in other…
Tencent Designated as a Chinese Military Company by US
The US Department of Defense has classified Tencent, owners of Riot and investors in several other game studios, as a Chinese Military company.
A Ubisoft Buyout By Tencent Is Being Considered – Report
Following years of troubles, a Ubisoft buyout seems closer than expected. According to a new report by Reuters, Ubisoft and Chinese giant Tencent are in talks for a potential purchase,…
Days After Shutting XDefiant and Laying Off Hundreds of Staff, Ubisoft Is Reportedly Considering How to Structure a Tencent Buyout Without the Guillemot Family Losing Control
Ubisoft’s share price skyrocketed today amid intensifying rumors that Chinese megacorp Tencent is engaged in buyout talks.