Brief: Ubisoft Announces The Creation Of A New Subsidiary
27/03/2025 17:21
March 27 (Reuters) - Ubisoft Entertainment SA UBIP.PA: UBISOFT ANNOUNCES THE CREATION OF A NEW SUBSIDIARY TENCENT TO INVEST €1.16BN FOR MINORITY STAKE IN UBISOFT SUBSIDIARY TRANSACTION VALUES ENTITY AT A PRE-MONEY ENTERPRISE VALUE OF C.EUR 4BN TENCENT TO ACQUIRE APPROXIMATELY 25% ECONOMIC INTEREST IN NEW SUBSIDIARY TRANSACTION EXPECTED TO COMPLETE BEFORE END OF 2025 NEW SUBSIDIARY TO HAVE DEDICATED LEADERSHIP TEAM AND BOARD OF DIRECTORS MORE DETAILS ON GROUP'S FUTURE OPERATING MODEL WILL BE SHARED AT A LATER STAGE NEW SUBSIDIARY WOULD INCLUDE THE TEAMS DEVELOPING THE TOM CLANCY’S RAINBOW SIX, ASSASSIN’S CREED AND FAR CRY FRANCHISES TRANSACTION VALUES ENTITY AT PRE-MONEY ENTERPRISE VALUE OF €4BN COMPLETION OF TRANSACTION IS EXPECTED BEFORE END OF 2025 Source text: nGNEbzSFbN Further company coverage: UBIP.PA (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))