Tencent faces new video-game M&A challenge

Tencent faces new video-game M&A challenge

LONDON, Aug 5 (Reuters Breakingviews) – The frenzy in video-game dealmaking has reached a new level. China’s Tencent (0700.HK) wants to increase its 5% stake in smaller French rival Ubisoft Entertainment (UBIP.PA), the outfit behind the wildly popular “Assassin’s Creed” franchise, according to Reuters. The $380 billion company could offer the founding Guillemot family, who … Read more

UK watchdog closes online gaming probe as Sony, Nintendo make pledges

UK watchdog closes online gaming probe as Sony, Nintendo make pledges

April 13 (Reuters) – Britain’s competition regulator has secured pledges from Japan’s Sony (6758.T) and Nintendo (7974.T) over the subscription renewal rules for their online gaming services, bringing to an end a three-year probe into the sector . The UK’s Competition and Markets Authority (CMA) had kicked off the investigation into Sony, Nintendo and Microsoft … Read more