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Tencent invests 1.16 billion euros in Ubisoft’s new subsidiary, managing major IPs like Assassin’s Creed

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TechNode.com
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Last Friday, Ubisoft, the French gaming giant, revealed plans to create a new subsidiary dedicated to developing core gaming titles in collaboration with Tencent, a leading Chinese game publisher. This strategic partnership, valued at approximately 1.16 billion euros (about $1.25 billion), will allow Tencent to acquire a 25% stake in the subsidiary, which is projected to have a total worth of around 4 billion euros. The move aims to leverage Tencent's extensive market reach and expertise in the gaming industry, enhancing Ubisoft's presence in the rapidly growing Asian market.

Original report

Tencent invests 1.16 billion euros in Ubisoft’s new subsidiary, managing major IPs like Assassin’s Creed

TechNode.com · Jessie Wu
Read at TechNode.com

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