Tencent takes half of Ubisoft
 

Half your company is now Chinese

Ubisoft has announced that Chinese tech giant Tencent has invested €300 million to buy half the company.

In a press release from Ubisoft CEO and co-founder Yves Guillemot said the 50 per cent stake "further reinforces Ubisoft’s core shareholding around its founders and provides the company with the stability essential for its long-term development.”

Earlier this year Tencent acquired a small percent stake in the publisher of Assassin's Creed and Just Dance, but said it wanted more.

Tencent president Martin Lao said: "Ubisoft has shown an impressive ability to consistently create world-class entertainment that include some of the most successful franchises in the industry."

https://fudzilla.com/news/gaming/554...alf-of-ubisoft