Game On: Ubisoft announces new subsidiary with Tencent as investor
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Variety7d
Ubisoft Spinning Off ‘Assassin’s Creed,’ ‘Far Cry,’ ‘Rainbow Six’ Into New Subsidiary, Backed by $1.25B From Tencent
memorable games that exceed players’ expectations, and create superior value for our shareholders and other stakeholders.” Tencent president Martin Lau added: “We are excited to extend our ...
Business Insider6d
Tencent Snaps Up a 25% Stake in Ubisoft’s Carved-Out Gaming Unit
Chinese tech giant Tencent Holdings (TCEHY) has snapped up a 25% stake in ... The unnamed unit will hold the intellectual property (IP) licenses of the games in exchange for a royalty, aiming to build ...
Ubisoft Shares Drop, Erase Early Gains on Talk Hedge Funds Shorting Stock
Assassin's Creed creator said on Thursday it had set up a unit valued at around 4 billion euros in which Tencent will invest ...
Polygon7d
Ubisoft breaks off Assassin’s Creed, Far Cry, and Rainbow Six into a new Tencent-backed unit
and integrate more social features,“ for its games. Tencent’s investment will give it a 25% stake in the new unit and is expected to go through by the end of the year. Ubisoft’s new unit ...