Tencent’s $1.25B investment boosts Ubisoft’s growth, strengthens its balance sheet, and unlocks Asian market potential with a ...

French videogame maker Ubisoft said on Thursday it has set up a subsidiary in which China's Tencent will invest 1.16 billion euros ($1.25 billion).

Now, the two companies are partnering to form a new Ubisoft subsidiary, with Tencent investing €1.16 billion. Ubisoft published a press release to announce its new subsidiary. This new group ...

Tencent would invest in the new subsidiary which is headquartered in France and 100% owned by Ubisoft immediately prior to the transaction. Specifically, at closing of the transaction, Tencent ...

Ubisoft shares reversed gains in afternoon trade on Friday after rising as much as 12% earlier on plans to set up a subsidiary to house three of its popular video game franchises.

The subsidiary will also have its own ... nor is the fate of those not making the cut. For Tencent, doubling down on major Ubisoft franchises represents a renewed vote of confidence after more ...

Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands. Ubisoft, the French video game giant ...

Ubisoft has "accelerated its transformation" by developing a new operating model and subsidiary following a $1.25bn cash "injection" from Chinese megacorp Tencent. In a bid to "rapidly" evolve its ...

Ubisoft has created a new subsidiary dedicated to its three biggest IPs, bringing in a bulk investment from Chinese conglomerate Tencent to have a roughly 25% minority stake for the sum of €1 ...

TL;DR: Ubisoft is forming a new subsidiary with a $1.2 billion investment from Tencent, which will hold a 25% stake. The subsidiary will focus on the Far Cry, Assassin's Creed, and Rainbow Six ...

This comes after the announcement that Ubisoft and Tencent would create a subsidiary that would bring the big AAA games under one umbrella, an announcement that caused a 24% drop in Ubisoft’s ...