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Will Tencent and the Guillemot family complete a buyout of Ubisoft by the end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Tencent, the Guillemot family, or Ubisoft; major financial news outlets
Story
Tencent and Guillemot Family Weigh Buyout of Ubisoft, Stock Jumps 10%
Oct 4, 2024, 01:51 PM
Tencent and Ubisoft's founding Guillemot family are considering a potential buyout of Ubisoft, according to Bloomberg. The Guillemot family, who are the founders of Ubisoft, are exploring options to take the French video game developer private. Following the buyout report, Ubisoft's stock jumped 10% and entered a trading halt, with $UBSFY up 29%. The company has lost half its market value in 2024. The report was detailed by Bloomberg's Vinicy Chan, Dong Cao, and Benoit Berthelot.
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