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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 47.67 | 47.67 | 47.67 | 0.00 | 00:00:00 |
From Jan 2022 to Jan 2025
By Ed Frankl
Shares in Ubisoft Entertainment SA rose sharply on Thursday after a report that Chinese conglomerate Tencent Holding Ltd. was considering raising its stake in the videogames maker.
Tencent is aiming to become the French company's single-largest shareholder, and could offer up to 100 euros ($101.67) a share--more than double its current price--to acquire the additional stake, according to a report by the Reuters news agency, citing unnamed sources.
Shares in Ubisoft were up 16% at EUR48.94 at 1130 GMT.
Tencent plans to buy part of the additional stake from the Guillemot family, which owns around 15% of the maker of Assassins Creed and Far Cry, according to Reuters.
Ubisoft and Tencent couldn't immediately be reached for comment.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
August 04, 2022 07:54 ET (11:54 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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