Tuesday, August 16, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Gaming

Ubisoft Partners With Tencent; Stops Vivendi Takeover

by John Law
March 21, 2018
Ubisoft

Source: Ubisoft.

68
SHARES
Share on FacebookShare on Twitter

Ubisoft has officially formed a partnership with the Chinese internet powerhouse, Tencent. The latter company, which is the owner the widely popular messaging platforms WeChat and QQ, now owns 5% of the video game developer and publisher; and also helped Ubisoft to stop French conglomerate, Vivendi, from continuing its “hostile takeover” of the company.

“We are honored to start this new chapter of our relationship with Ubisoft, and to be able to bring many of Ubisoft’s creative and renowned titles to our Chinese customers,” Martin Lau, president of Tencent said.

As a point of reference; Vivendi currently has a 27.27% stake in Ubisoft, making it the largest shareholder in the latter company. The deal will require Vivendi to sell that portion for a price of 2 billion Euros (~RM9.63 billion). Further, Vivendi will not be allowed to acquire anymore of Ubisoft’s shares for a period of five years following the closing of the transaction.

The new partnership would see Tencent help Ubisoft to release more of its title into already restrictive China.

Tencent isn’t the only long-term investor in this new partnership; the second investor is, surprisingly, the Ontario Teachers’ Pension Plan, which is an independent organisation that doles out pensions for approximately 318,000 teachers in the Canadian province. It currently has a 3.4% stake in Ubisoft.

ADVERTISEMENT

Having said that, the partnership between Ubisoft and the two entities is actually pretty restrictive, if not limited. According to the contract, both companies will not be given a seat on Ubisoft’s board of directors.

Tencent is responsible for bringing the popular battle royale shooter PUBG to the mobile space.

In Tencent’s case, the contract prohibits the Chinese company from “transferring its shares or increasing its voting right (or ownership) stake” in Ubisoft. In hindsight, this condition could’ve been put in place to prevent another hostile takeover in the future.

Moving forward, The contract between Ubisoft and Tencent is also a beneficial to both parties, as Ubisoft will seek Tencent’s help in proliferating some of its games into the Chinese gaming market.

(Source: Polygon, Forbes, Ars Technica)

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Tags: partnershiptencentubisoft
Back to top
Share27Tweet17SendShare

ADVERTISEMENT

RELATED ARTICLES

Leica Hisense Laser TV Partnership
Hardware

Leica Announces Expansion Into Laser TV Market Through Partnership With Hisense

by Heirul Kamel
August 4, 2022
Kominfo unblock
Internet

Indonesia Unbans Steam Following Regulation Compliance

by Ian Chee
August 3, 2022
Internet

Indonesia Blocks Access To A Slew Of Online Services

by Ian Chee
July 31, 2022
airasia skyports partnership air taxi infrastructure development malaysia
Transportation

AirAsia And Skyports Signs Partnership To Explore Air Taxi Infrastructure Development In Malaysia

by Heirul Kamel
July 28, 2022
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    Apps

    WhatsApp Is Giving You Two Whole Days To Delete Messages

  2. 2
    Telco

    Maxis And U Mobile Reportedly The Only Holdouts From DNB 5G Network

  3. 3
    Fintech

    Touch ‘n Go RFID Fuelling Finally Goes Official: Now Available At 88 Shell Stations

  4. 4
    Gaming

    Ubisoft Partners With Tencent; Stops Vivendi Takeover

  5. 5
    Mobile Phones

    vivo Y35 Now Available In Malaysia For RM 1,099

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.