CEO Yves Guillemot and his family members are keen to retain control of Ubisoft amid any such deal, and this has apparently been a sticking point in financing discussions.
Tencent is asking for a 'greater say on future board decisions' in exchange for putting more money into Ubisoft, raising concerns about control.
We remain committed to making decisions in the best interests of all of our stakeholders,' Ubisoft said in a statement, as they explore strategic options.
Guillemot said, 'I am working tirelessly with my team to identify the best solutions so we can maintain control of our destiny.'
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