In the realm of crypto finance, notable developments have emerged involving leading industry players. Recent reports indicate that October 4 marked significant strategic considerations between Tencent and the French Guillemot family regarding a potential acquisition of leading video game corporation Ubisoft. Sources reveal that discussions are in the nascent phases, with the prospect of a transaction yet undetermined. Insiders suggest that a possible scenario includes joining forces to privatize the company. Notably, Ubisoft has experienced a significant 54% decline in its European share prices this year, positioning the firm’s market capitalization at approximately 1.4 billion euros, translating to roughly 1.5 billion U.S. dollars. As of the latest reports, Tencent commands 9.2% of Ubisoft’s voting rights, while the Guillemot family holds a substantial 20.5%. Following the news, Ubisoft’s shares surged by 10%, leading to a temporary suspension of trading. Both Ubisoft and Guillemot representatives, as well as Tencent, have refrained from offering further insights at this time.
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