TenCent is negotiating with the Guillemots to get a bigger voice in board room decisions. For example, they want to be able to chime in on issues like cash flow distribution. In contrast, the Guillemots are trying to retain management control of the company, a very hard sell for them given how the company has performed in the past few years.

Ubisoft's two biggest shareholders continue to discuss a potential buyout that would take the Assassin's Creed

ADRs skyrocketed 15% after a report that the founding family and Tencent are working on a potential buyout. Shareholders are evaluating how to structure a potential acquisition of Ubisoft (OTCPK:UBSFY) without reducing the founding family's control,

Following years of troubles, a Ubisoft buyout seems closer than expected. According to a new report by Reuters, Ubisoft and Chinese giant Tencent are in talks for a potential purchase, with the caveat that the developer’s founding family — the Guillemots — will retain a controlling share.

Tencent is claimed to be undecided over whether to participate in the buyout and increase its stake in the company, reportedly because it has asked for a greater say on future board decisions. According to Reuters, discussions between the two are ongoing as Tencent also wants to prevent any potential hostile takeover of Ubisoft by other investors.

Anonymous sources have told Reuters that multiple investors, including Tencent, are discussing options for funding a buyout of Ubisoft. The Guillemot family wishes to retain control

Ubisoft is in talks with Tencent for a possible buyout that could take the company private and reshape its future.

Ubisoft is continuing its talks with Chinese giant Tencent over a possible buyout deal that would take the Assassin's