Tencent and the Guillemot family are reportedly evaluating assets to include in a new entity and trying to determine their valuation, sources told Bloomberg, asking not to be identified because ...

French videogame maker Ubisoft said on Thursday it has set up a subsidiary in which China's Tencent will invest 1.16 billion euros ($1.25 billion).

into a separate subsidiary thanks to a $1.25 billion investment from Chinese conglomerate Tencent. The massive deal allows the founding Guillemot family to remain in control of the publisher ...

Tencent is an influential shareholder in the publisher. In 2022, it invested $300m for a 49.9% stake in Guillemot Bros, run by Ubisoft's co-founders who control the largest stake in the company. It ...

That followed reporting from Bloomberg last year that Tencent was discussing a possible take-private deal with Ubisoft's founding Guillemot family. News of the transaction also arrives a week ...

Shenzhen-based Tencent, which owns the popular messaging app WeChat, will hold about a quarter of a new subsidiary.

Ubisoft shares reversed gains in afternoon trade on Friday after rising as much as 12% earlier on plans to set up a subsidiary to house three of its popular video game franchises.

Tencent has invested $1.25 billion in a new ... independent expert in view of the issuance of a fairness opinion. Yves Guillemot introduces the next Assassin’s Creed in 2022.

Guillemot said the company is committed to ... game platforms and create engaging new experiences for gamers", Tencent President Martin Lau said in a statement.