Ubisoft, Assassin's Creed and Tencent
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Ubisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises.
From CNBC
Ubisoft said the new unit would be valued at around 4 billion euros and will bring together its popular "Assassin's Creed", "Far Cry" and "Tom Clancy's Rainbow Six" franchises.
From Reuters
Yet what should have been a crowning achievement turned into a painful stock-market drubbing in the months that followed.
From Bloomberg L.P.
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Ubisoft Entertainment SA will carve out a unit including Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six into a subsidiary with an enterprise value of about €4 billion ($4.3 billion).
Chinese tech titan Tencent is set to invest $1.25 billion in French video game maker Ubisoft, in exchange for a 25% stake in a new subsidiary of the "Assassin's Creed" publisher.
Ubisoft has announced a major change to its organization as it looks to the future, as the company has created a new "dedicated subsidiary" focused on three main franchises: Assassin's Creed, Far Cry, and Rainbow Six. Tencent is investing €1.16 billion ($1.25 billion USD) to take a minority stake (about 25%) in this new subsidiary.
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,
Receiving over $1 billion of investment from Tencent, a new Ubisoft subsidiary will become home to Assassin's Creed, Far Cry, and more.
Tencent on Wednesday posted a fourth-quarter beat on top and bottom line driven by a surge in gaming and advertising revenue.