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2025-03-28 Cyber
Assassin's Creed-maker Ubisoft gets $1.25bn investment from Chinese tech giant Tencent
Keeping mostly war-fighting age Western males on the couch getting ever more physically unfit while Chinese hackers rampage through their computers, doing all the usual nefarious things?
[BBC] Chinese technology giant Tencent has made a €1.2bn ($1.25bn; £1bn) investment in a spin-off from Ubisoft, the maker of the Assassin's Creed video games.

Shenzhen-based Tencent will own about a quarter of the new business, with Ubisoft holding the rest of the new subsidiary, which is valued at around €4bn.

The unit will run some of the French firm's biggest franchises, including Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six.

Tencent, which is one of the world's biggest video games developers, is also known for its internet-based services, including the hugely popular messaging app WeChat.

"Today Ubisoft is opening a new chapter in its history," Yves Guillemot, Ubisoft's co-founder and chief executive said in a statement.

Tencent, which is China's most valuable company, is now Ubisoft's second biggest shareholder with a stake of just under 10%.

"We are excited to extend our longstanding partnership with Ubisoft through this investment," Martin Lau, President of Tencent, said.

Ubisoft said it will now focus on its other marquee titles, including Tom Clancy's Ghost Recon and The Division.

Ubisoft's stock market value has fallen sharply in recent years after delays to the launches of new games and falling sales.

That's despite its shares getting a boost earlier this month as investors welcomed the launch of the latest instalment of the Assassin's Creed franchise.

The much-anticipated Assassin's Creed Shadows had been delayed several times.

It followed the disappointing performance of another of the firm's major titles, Star Wars Outlaws, and concerns from some onlookers about how Ubisoft is being run.

Posted by Skidmark 2025-03-28 08:46|| || Front Page|| [11150 views ]  Top

#1 Kaspersky: stealer malware leaked over 2 million bank cards
Posted by Skidmark 2025-03-28 08:50||   2025-03-28 08:50|| Front Page Top

#2 Mr. Tenscent, why would you possibly want to prop up Ubisoft?!

Well, grasshopper, can you think of better competition for our projects?

Oh? Oooooohhhh.

*the moment when you realize that a parody of Assassin's Creed: Shadows, Yasuke Simulator, who is The Black African Samurai character set Feudal Japan, is better received than the original material.
Posted by swksvolFF 2025-03-28 20:44||   2025-03-28 20:44|| Front Page Top










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