Chinese tech giant Tencent has announced a €1.16 billion (approximately HK$9.735 billion) investment in a newly established subsidiary of French game developer Ubisoft. The deal grants Tencent a 25% stake in the new entity, which will oversee key gaming franchises such as Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six. The subsidiary is valued at €4 billion, according to Bloomberg.
Tencent's investment includes minority shareholder veto rights and consent over significant asset disposals, allowing the company to influence key decisions without direct operational control. This strategic move further solidifies Tencent's position in the global gaming industry while enabling it to partner with one of the most prominent gaming developers.
The transaction is subject to multiple conditions, including a fairness review by third-party experts, completion of the subsidiary's establishment process, and regulatory approvals from various countries. The deal is expected to be finalized by the end of 2025.
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