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Ubisoft’s $4 billion carveout sells Tencent a 25 percent stake in some of its biggest games from The Verge - All Posts RSS feed.
Ubisoft’s $4 billion carveout sells Tencent a 25 percent stake in some of its biggest games
Ubisoft is spinning off Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six into a subsidiary backed by Tencent, according to an announcement on Thursday. The Chinese gaming giant will invest €1.16 billion (~$1.3 billion) for a 25 percent stake in the carveout, which will have a total value of about €4 billion (~$4.3 billion). […]