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TCEHY Tencent Holdings Ltd (PK)

47.14
-0.01 (-0.02%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Tencent Holdings Ltd (PK) USOTC:TCEHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.01 -0.02% 47.14 47.06 47.15 47.20 46.76 47.00 2,915,918 22:20:00

Tencent Aims to Increase Stake in Ubisoft, Reuters Reports

04/08/2022 12:19pm

Dow Jones News


Tencent (PK) (USOTC:TCEHY)
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-- Tencent Holdings Ltd. plans to increase its stake in French video game company Ubisoft Entertainment SA, Reuters reports, citing unnamed sources.

-- The Chinese company contacted the Ubisoft's founding Guillemot family to express its interest in increasing its stake beyond the 5% it bought in 2018, according to Reuters.

-- Tencent could offer up to 100 euros a share ($101.6) to expand its stake, Reuters reports.

-- Ubisoft wasn't immediately available for comment. According to Reuters, both companies declined to comment.

 

Full story: https://reut.rs/3QnNV5r

 

Write to Pierre Bertrand at pierre.bertrand@wsj.com

 

(END) Dow Jones Newswires

August 04, 2022 07:04 ET (11:04 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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