US EditionChina's tech giant Tencent: what you need to know
- Tencent is investing $1.25 billion in Ubisoft to acquire a 25% stake in a new subsidiary focused on key franchises including Assassin's Creed.
- Tencent's profitability faced challenges due to gaming restrictions in China, but earnings improved in late 2024 due to the AI boom.
- Ubisoft plans to shift focus to other franchises following delays and performance issues with recent game releases.
- Ubisoft's co-founder Yves Guillemot described this partnership as opening a new chapter in the company's history.
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Ubisoft’s $4 billion carveout sells Tencent a 25 percent stake in some of its biggest games
Ubisoft is spinning off Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six into a subsidiary backed by Tencent, according to an announcement on Thursday. The Chinese gaming giant will invest €1.16 billion (~$1.3 billion) for a 25 percent stake in the carveout, which will have a total value of about €4 billion (~$4.3 billion). Ubisoft says the new entity will include the teams working on all three franchises, along with the publisher’s back …
·United States
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