From Nasdaq, Inc.: 2025-03-28 16:53:00

French video game maker Ubisoft announced that Tencent will invest 1.16 billion euros for a 25% stake in its new subsidiary. The new business is valued at 4 billion euros, with Tencent owning a quarter and Ubisoft retaining the rest. The subsidiary will oversee franchises like Assassin’s Creed and Far Cry. Tencent, known for its internet services like WeChat, aims to build evergreen, multi-platform game ecosystems. Ubisoft has faced challenges, including financial issues and delays in game releases, with a 52% decline in net bookings reported in February.



Read more at Nasdaq, Inc.: Assassin’s Creed Maker Ubisoft Gets $1.25 Bln Investment From Chinese Tech Giant Tencent