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Tencent Invests £1bn In Ubisoft Spin-Off

  • Chinese tech giant Tencent is investing £1bn in a new gaming subsidiary spin-off of Ubisoft, helping the company become more agile.
  • The spin-off will focus on the development of Ubisoft's popular games, such as Assassin's Creed and Far Cry.
  • Tencent will hold about one-quarter of the new company, becoming Ubisoft's second-largest shareholder.
  • The investment will provide a cash infusion to Ubisoft, strengthening its balance sheet and enhancing game quality and features.

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