Ubisoft seen up 13-15% after it sets up Tencent-backed subsidiary
28/03/2025 07:55
March 28 (Reuters) - Shares in Ubisoft UBIP.PA were seen up 13-15% premarket on Friday after the French video-game maker announced plans to set up a unit with Tencent 0700.HK, two traders said. Assassin's Creed creator said on Thursday it had set up a unit valued at around 4 billion euros in which Tencent will invest 1.16 billion euros ($1.25 billion), and which will bring together the Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six brands. ($1 = 0.9268 euros) (Reporting by Johan Bodinier and Alessandro Parodi; editing by David Evans) ((JohanGeorgesRoger.Bodinier@thomsonreuters.com;))