Ubisoft shares skyrocket after report Tencent, Guillemot family considering buyout

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Ubisoft shares skyrocket after report Tencent, Guillemot family considering buyout

The Ubisoft logo is displayed at the European Brand Licensing Show at ExCel in London on September 24, 2024.

John Keble | Getty Images

Shares of French video game publisher Ubisoft Media reports said shares surged more than 30% on Friday Tencent The company's founders, the Guillemot family, are considering acquiring the company.

Bloomberg reports Ubisoft's minority shareholders Tencent and the Guillemot family are considering acquisitions and other options on Friday as the company has lost more than half its market value this year.

Ubisoft shares were last trading at about 30% as of 3:20 pm London time.

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