Tencent is NOT buying Ubisoft |Announcing a new €300 million investment—49.9% stake at company
Tiago Rodrigues
Member
EA rumored to be bought by Amazon. Tencent basically "not" buying but almost buying Ubisoft...
I give it 1 year for all biggest publishers to be bought at this point.
edit: this is all confusing, I had to read it all somewhere else, lmao. I thought they had 49.9% of Ubisoft. Pretend you didn't read this post (even if what i said is probably true)
I give it 1 year for all biggest publishers to be bought at this point.
edit: this is all confusing, I had to read it all somewhere else, lmao. I thought they had 49.9% of Ubisoft. Pretend you didn't read this post (even if what i said is probably true)
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Punished Miku
Gaslighter Pro: 16.7 Fireflops
Only 300 million for that?
graywolf323
Member
if I read that right they didn't buy a 49.9% stake in Ubisoft, they bought that stake in Guillemot's main company?
Hendrick's
If only my penis was as big as my GamerScore!
Seems really cheap. Ubisoft may just be dead at this point, but had some decent ip.
sankt-Antonio
Banned
Why is Bungie worth 4billion, but Ubi only 0,6? Seems out of wack. Edit, this is not about Ubi. Okay then. Thread title is misleading as fuck.
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GhostOfTsu
Banned
Is this to help them stay independent? That's good.
Black_Stride
do not tempt fate do not contrain Wonder Woman's thighs do not do not
They bought into GBros, the company that has the largest stake in Ubisoft not Ubisoft directly.
They do however also have a stake in Ubisoft.
If Tencent and GBros work together they will own a major portion of Ubisoft though.
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Lady Jane
Banned
Bungie was an LLC so their public worth would have been far less than Ubisoft if they were in the same environment. Buying out private companies are always more expensive.
Reizo Ryuu
Gold Member
Since nobody reads:
They are investing in Guillemot bros ltd, which has 16% of shares in Ubisoft.
They are investing in Guillemot bros ltd, which has 16% of shares in Ubisoft.
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a multicultural team of v
Member
Guillemot Bros owns 12.78 percent of Ubisoft, so if Tencent bought half of that they own a little more than 6% of Ubisoft.
It is possible the Bloomberg numbers are dated, but per Bloomberg the Guillemot family in total owns 15%, and 12.78% of that is the Bros company.
yurinka
Member
To make it easier to understand:
In addition to Ubisoft, the Guillemot brothers have or ruled several other companies that are not Ubisoft, as it was the case of Gameloft.
One of them is a company that the Guillemot brothers use to manage their stocks, like the ones in Ubisoft. Tencent bought almost half of this company, not almost half of Ubisoft.
The Ubisoft brothers own a small part of Ubisoft, I think it was somewhere between 15-21%.
Ubisoft's current market cap is $6.35B. Recent big gaming company acquisitions have been paid with a premium of 40-60%. They should calculate the case for Ubisoft, but with all the huge IPs and huge amount of workers and studios they have it would be very big. But if we only take 50% premium, to buy it would cost $9.5B.
Bungie wasn't worth 4B. It was bought for $2.4B and on top of that Sony saved $1.3B for future retention bonuses and other acquisition related costs, totalling a cost of $3.7B for Sony.
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IFireflyl
Gold Member
Keep in mind that Tencent already had a 5% stake prior to this. So they would be up to ~11% with this purchase, and up to ~20% if they buy the full 15% that the Guillemot family owns/owned.
Sosokrates
Report me if I continue to console war
That's what I thought.Seems to little.
ToTTenTranz
Banned
It's 300 million for 49.9% of the company that owns the largest stake on Ubisoft.
We'd need to know how big the largest stake is. If the largest stake on Ubisoft is 15% big, then those 300 million bought the equivalent of 7.49% of Ubisoft, but without full control over those 15% votes (therefore without full control of the 7.49% they "own").
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a multicultural team of v
Member
Interesting, I see a news article from 2018 saying they own 5% but they aren't anywhere in the Bloomberg holders screen, so I don't know what is up with that. Not an Ubisoft expert here. just sharing what I see.
Eddie-Griffin
Banned
So they are buying it, but just short enough so they don't have to take responsibility for it if things fall apart lol
00_Zer0
Member
I try to avoid most Ubisoft games nowadays. I only buy physical versions of some of their console games today, because of their anti-consumer practices. They abruptly take a games online functionality away or remove the digital version altogether as if a customer never owned the game in the first place. Let them be bought out maybe the next owner will knock some sense into them and change their shady practices.
anthony2690
Member
300 million for near 50% seems insanely cheap? :S
What's going on?
What's going on?
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Reizo Ryuu
Gold Member
Thread not even one page long, with multiple elaborations posted, yet still nobody's reading.
Daytonabot
Banned
If I hadn't already stopped buying Ubisoft games, this would have pushed me closer, even if it is a relatively small percentage through a middle man.
Orbital2060
Member
Would the French government allow Tencent to buy a French company like that? Maybe they tried or wanted to, but realised it wouldnt be possible.
Black_Stride
do not tempt fate do not contrain Wonder Woman's thighs do not do not
The west might hate communism, but they fucking love capitalism.