-- Tencent Holdings Ltd. plans to increase its stake in French video game company Ubisoft Entertainment SA, Reuters reports, citing unnamed sources.

-- The Chinese company contacted the Ubisoft's founding Guillemot family to express its interest in increasing its stake beyond the 5% it bought in 2018, according to Reuters.

-- Tencent could offer up to 100 euros a share ($101.6) to expand its stake, Reuters reports.

-- Ubisoft wasn't immediately available for comment. According to Reuters, both companies declined to comment.

Full story: https://reut.rs/3QnNV5r

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

August 04, 2022 07:04 ET (11:04 GMT)

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