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| Assassin's Creed-maker Ubisoft gets $1.25bn investment from Chinese tech giant Tencent | |
| 2025-03-28 | |
Shenzhen-based Tencent will own about a quarter of the new business, with Ubisoft holding the rest of the new subsidiary, which is valued at around €4bn. The unit will run some of the French firm's biggest franchises, including Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six. Tencent, which is one of the world's biggest video games developers, is also known for its internet-based services, including the hugely popular messaging app WeChat. "Today Ubisoft is opening a new chapter in its history," Yves Guillemot, Ubisoft's co-founder and chief executive said in a statement. Tencent, which is China's most valuable company, is now Ubisoft's second biggest shareholder with a stake of just under 10%. "We are excited to extend our longstanding partnership with Ubisoft through this investment," Martin Lau, President of Tencent, said. Ubisoft said it will now focus on its other marquee titles, including Tom Clancy's Ghost Recon and The Division. Ubisoft's stock market value has fallen sharply in recent years after delays to the launches of new games and falling sales. That's despite its shares getting a boost earlier this month as investors welcomed the launch of the latest instalment of the Assassin's Creed franchise. The much-anticipated Assassin's Creed Shadows had been delayed several times. It followed the disappointing performance of another of the firm's major titles, Star Wars Outlaws, and concerns from some onlookers about how Ubisoft is being run. Related: Tencent 01/10/2025 Biden Adds China’s Biggest Shipping Line to US Military Blacklist, was to have been Hunter Biden partner in failed 2015 deal Tencent 03/15/2022 China orders 51 million into lockdown as COVID surges Tencent 03/15/2022 Panic Selling Grips Chinese Stocks in Biggest Plunge Since 2008 Related: Ubisoft 02/22/2023 Ubisoft Teams Up With UK Police To Handle 'Extreme Cases' Of In-Game Speech Deemed Life-Threatening: 'We Want To Be On The Right Side of History' Ubisoft 12/27/2021 Russian Video game market 2020-2021 Ubisoft 01/03/2021 NY Stock Exchange begins delisting China telecom companies, following Trump's order; Apple purges 46,000 Chinese apps | |
| Posted by:Skidmark |
| #2 Mr. Tenscent, why would you possibly want to prop up Ubisoft?! Well, grasshopper, can you think of better competition for our projects? Oh? Oooooohhhh. *the moment when you realize that a parody of Assassin's Creed: Shadows, Yasuke Simulator, who is The Black African Samurai character set Feudal Japan, is better received than the original material. |
| Posted by: swksvolFF 2025-03-28 20:44 |
| #1 Kaspersky: stealer malware leaked over 2 million bank cards |
| Posted by: Skidmark 2025-03-28 08:50 |