Assassin's Creed-maker Ubisoft's shares surge 9% on deal to spin off top game franchises
Ubisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises.
Ubisoft shares surge as Tencent invests in new unit housing franchises like Assassin’s Creed
Chinese tech giant Tencent will invest €1.16 billion ($1.25 billion) for a 25% stake in the newly formed unit, which will include the Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six brands. The deal values the subsidiary at €4 billion, including debt, Ubisoft said in a statement.
Tencent's $1.25B Bet On Ubisoft's 'Assassin's Creed,' 'Far Cry'
Assassin's Creed maker Ubisoft is creating a new unit with China's Tencent to handle its most popular franchises, including Assassin's Creed, Far Cry and Rainbow Six. The new unit will be worth more than $4 billion.
Ubisoft Spinning Off ‘Assassin's Creed,' ‘Far Cry,' ‘Rainbow Six' Into New Subsidiary, Backed by $1.25B From Tencent
Ubisoft is spinning off some of its top franchises, including “Assassin's Creed,” “Far Cry” and “Rainbow Six” into a new subsidiary. The division is funded by a $1.5 billion investment from gaming company Tencent.
Tencent takes €1.2bn stake in spin-off from Assassin’s Creed-maker Ubisoft
Chinese technology giant Tencent is taking a €1.2bn stake in a new spin-off from Ubisoft, as the struggling French games developer attempts to shore up its balance sheet. The deal values a new subsidiary that will run Ubisoft’s top franchises — including Assassin’s Creed,
Tencent invests $1.25B in Ubisoft’s new core games operating division
Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands. Ubisoft, the French video game giant that has struggled to launch hits until its most-recent launch of Assassin’s Creed: Shadows,
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