Ubisoft: Tencent invests 1.16 billion euros in Ubisoft's new subsidiary, managing major IPs like Assassin's Creed

Last Friday, French gaming company Ubisoft announced the establishment of a subsidiary focused on developing core gaming titles in partnership with Chinese game publisher Tencent. The deal, valued at around 1.16 billion euros ($1.25 billion), will see Tencent take a 25% stake in the new subsidiary, which is estimated to be worth 4 billion euros [...]