China buys stocks in another vidya game company (obisoft)

It's not like they could ruin Ubisoft any more than it already has been. Ubisoft hasn't done anything decent in years.

Beyond Good & Evil was released a long time ago now.

Ubisoft was already acting like they were owned by chyna

Snapshots:

• archive.org

• archive.ph (click to archive)

• ghostarchive.org (click to archive)

Guillemot Brothers Limited remains exclusively controlled by the Guillemot family. Tencent will not be represented on its Board of Directors and will not obtain any consent or veto rights over the business.

Additionally, Ubisoft’s Board of Directors has authorized Tencent to increase its direct stake in Ubisoft from 4.5% to 9.99% of the capital or voting rights. Tencent will not be able to sell its shares in Ubisoft for a period of 5 years (and beyond will give the Guillemot family a right of priority) and will not be able to increase its stake in Ubisoft beyond 9.99% of Ubisoft’s capital and voting rights for a period of 8 years.

So not really important news for now. Just Tencent throwing money around.

Curious if they're planning to pull their stocks out of all their companies at once and cause a major crash unlike any before it.