Ubisoft soars after Tencent completes investment in Vantage Studios
24/11/2025 09:22
Nov 24 (Reuters) - ** Shares in Ubisoft UBIP.PA rise around 9% after the French video game developer said late on Friday Tencent 0700.HK has completed its investment into Vantage Studios, a new subsidiary that manages its key franchises ** The deal includes a 1.16 billion euro cash injection from Tencent, Ubisoft said ** Midcap Partners highlights the deal's positive impact on Ubisoft's balance sheet and notes as well better than expected results the company published also on Friday ** Still, the broker says it remains cautious due to limited visibility as full details of Ubisoft's new "Creative Houses undefined" operating model is set to be revealed in January 2026 ** If gains hold, shares will see their best day since December 2024 (Reporting by Jérôme Terroy) ((jerome.terroy@thomsonreuters.com))