It will take a few more years before they can realize their aim of becoming the box's majority shareholder. But by acquiring Ubisoft today, Tencent made a significant leap. The Chinese juggernaut now owns 49.9% of the company's stock after trading shares in its subsidiary, Guillemot Brothers Limited. They also have 5% of the voting rights for a value of 300 million euros, including 100 used to enhance the capital.
However, this arrangement goes beyond this straightforward investment because some closing are also provided. Despite the payment, the Guillemot family maintains control over the business. The Chinese corporation will not have a representative on the board and will not have any voting or veto power. Additionally, these limitations apply to both Guillemot Brothers Limited and its subsidiaries.
Tencent will be able to raise more money for Ubisoft, but not more than 9.99%. This is a minor improvement for the corporation, which currently owns 4.5%, but it will have cost a lot of money. Furthermore, the Chinese juggernaut will have to wait an additional 8 years if it wants to boost this participation. Reselling, however, is possible in the next 5 years.