Tencent invests $1.25B in Ubisoft’s new core games operating division
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Summary
Ubisoft, a leading French video game maker, is to create a new subsidiary based on its key Tom Clancy’s Rainbow Six, Assassin’s Creed and Far Cry brands.
Tencent has agreed to invest €1.16bn ($1.25bn) for a minority stake in the new unit, which is to be based in France and will be exclusively controlled and consolidated by Ubisoft.
As part of the deal, Ubisoft has granted Tencent, whose gaming portfolio includes League of Legends, Clash of Clans and Arena of Valor, a five-year lock-up undertaking on the shares it acquires, and will retain a majority stake in the voting rights and share capital of the new unit for two years.
The deal is expected to be completed before the end of 2025.