Tencent and the Guillemot family consider acquiring Ubisoft

According to a report from Bloomberg, Ubisoft's majority shareholders, the Guillemot family, are considering teaming up with Tencent for a buyout. The news comes in the context of disappointing sales last month Star Wars Outlaws and the delay of Assassin's Creed Shadowsin a year in which Ubisoft lost almost half of its market value. Now, … Read more

Remedy enters into €15 million loan agreement with Tencent

Alan Wake and Control developer Remedy has entered into a €15 million ($16.7 million) convertible loan agreement with Tencent. Remedy said the loan will have a non-cash annual interest rate of 8% and a fixed conversion rate of 27.2 euros per share. Studio CEO Tero Virtala said the move will strengthen Remedy's position in the … Read more