Tencent completed the acquisition of a 49.9% stake in Guillemot Brothers for $299m.

Tencent, a Chinese multinational technology and entertainment conglomerate, completed the acquisiton of a 49.9% stake in Guillemot Brothers, a French video game company, for $299m. “The expansion of the concert with Tencent further reinforces Ubisoft’s core shareholding around its founders and provides the company with the stability essential for its long-term development,” Yves Guillemot, Ubisoft CEO and Co-Founder.