• Loading stock data...
Friday, October 31, 2025
Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here

Ubisoft Shares Fall 17% After Tencent Raises Stake

  • Tencent will use $198 million to buy an indirect stake in Ubisoft.
  • Ubisoft currently has a market capitalization of $4.42 billion.
Ubisoft

French video game developer Ubisoft saw its shares tumble by more than 17% on Wednesday after Chinese tech giant Tencent increased its stake in the company. 

The Assassin’s Creed maker had reportedly been drawing buyout interest from several private equity firms, with Blackstone and KKR & Co. studying the company’s viability as an investment. 

Tencent plans to invest $296.9 million in Guillemot Brothers Limited — the parent company of Ubisoft. The pending investment will provide Tencent with a 49.9% stake in Paris-based Ubisoft. 

  • Tencent will use $198 million to buy an indirect stake in Ubisoft.
  • The remaining capital will be invested in Guillemot Brothers Ltd.
  • The Guillemot family currently holds a 15% stake in Ubisoft.
  • Ubisoft has a market capitalization of $4.42 billion

The deal allows Tencent to raise its direct stake in Ubisoft from 4.5% to 9.99% — which includes voting rights. However, Tencent will not be allowed to sell its shares in Ubisoft for a five-year period or increase its stake from 9.99% for eight years. 

Underwhelming Results

Ubisoft reported $293 million in net bookings in fiscal Q1 — surpassing the company’s estimates of $279 million — but a 10% decrease compared to the same period the year prior. 

Tencent generated $19.77 billion in revenue in Q2 2022, a 3% decrease compared to Q2 2021, while revenue for domestic and international games fell 1% year-over-year during the quarter to $4.7 billion and $1.6 billion, respectively.

Q2 2022 marked Tencent’s first-ever year-over-year revenue decline.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 23, 2024; Dallas, Texas, USA; A view of the NBA logo and Portland Trail Blazers logo before the game between the Dallas Mavericks and the Trail Blazers at the American Airlines Center.

NBA Reopens Doors in China—and Eyes the WNBA Next

The Mavericks and Rockets are set to play games in Macao next year.
Aug 3, 2024; Villeneuve-d'Ascq, France; NBA commissioner Adam Silver talks to International Basketball Federation board member Mark Tatum in the fourth quarter between the United States and Puerto Rico during the Paris 2024 Olympic Summer Games at Stade Pierre-Mauroy.

NBA Aims for Drama-Free Return to China After 6-Year Hiatus

The league looks to rebuild its presence in the populous country.
Tony Parker

Tony Parker, French Team Owner, Says NBA Europe Is Inevitable

Parker didn’t rule out his ASVEL club joining the NBA’s new league.

Alcaraz and Sinner Have More to Gain in 2025 After Splitting Slams

Alcaraz and Sinner have split the last eight Grand Slams.

Featured Today

Oct 13, 2024; Chicago, IL, USA; Susanna Sullivan of the United States of America finishes seventh in the Chicago Marathon at Grant Park

More Races, More Money: The New Calculus for Pro Marathoners

More races per year mean more money—but the math isn’t simple.
Oct 28, 2025; Los Angeles, California, USA; Los Angeles Dodgers two-way player Shohei Ohtani (17) pitches during the fifth inning against the Toronto Blue Jays during game four of the 2025 MLB World Series at Dodger Stadium.
October 31, 2025

Shohei Ohtani Card Market Is Surging—With No Signs of Slowing

Cards have spiked hundreds of thousands of dollars from their initial value.
September 21, 2025; Santa Clara, California, USA; NFL commissioner Roger Goodell before the game between the San Francisco 49ers and the Arizona Cardinals at Levi's Stadium
October 26, 2025

NFL Fall Meeting: 7 Big Topics Among Team Owners 

Media, facilities, and labor highlight some of the key areas of concern.
Ohio State Buckeyes running back Isaiah West (32) runs the ball in the second half at Camp Randall Stadium on Saturday, Oct. 18, 2025 in Madison, Wisconsin
October 25, 2025

NIL Has Birthed a Third-Party Cottage Industry—and It’s a Mess

There’s no limit to how much players can make from NIL deals.
May 20, 2023; Los Angeles, California, USA; Los Angeles Dodgers and LA Sparks co-owner Todd Boehly watches during game three of the Western Conference Finals for the 2023 NBA playoffs between the Los Angeles Lakers and the Denver Nuggets at Crypto.com Arena.
exclusive

Mark Walter’s Lakers Buy Includes Dodgers Co-Owner Todd Boehly

Jeanie Buss will retain a roughly 15% stake and remain team governor.
James Harden
April 24, 2025

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Jonathan Mariner
July 9, 2025

Former MLB CFO Jumps to PE, Says Teams Are Undervalued

Mariner worked in Major League Baseball for 24 years.
Sponsored

How HOKA is Reimagining the NIL Relationship

On Location is redefining the Olympic experience by creating lasting connections beyond the Games.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
draftkings
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.