Ubisoft sets up 4 billion euro subsidiary, backed by Tencent
27/03/2025 17:30
March 27 (Reuters) - French videogame maker Ubisoft UBIP.PA said on Thursday it has set up a subsidiary for its Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six brands. China's Tencent 0700.HK will invest 1.16 billion euros ($1.25 billion) for a 25% stake in the new subsidiary, valued at about 4 billion euros, the group said in a statement. ($1 = 0.9254 euros) (Reporting by Alban Kacher; Editing by Susan Fenton) ((alban.kacher@thomsonreuters.com; +48 58 769 65 87;))