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Liu Chiping: TENCENT's EUR1.16B Investment in Ubisoft Can Expand LT Partnership
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French video game maker UbiSoft Entertainment (UBSFY.US) announced on Thursday (27th) that it spun off a subsidiary valued at about EUR4 billion (US$4.3 billion), with TENCENT (00700.HK) spending EUR1.16 billion to acquire a 25% stake in the subsidiary, which holds IP series including Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six. TENCENT is pleased to expand its long-term partnership with Ubisoft through this investment, reflecting its continued confidence in Ubisoft's creative vision and outstanding talent, Liu Chiping, President of TENCENT, said. TENCENT sees great potential for the series to grow into a long-term, evergreen game platform that can create new experiences for gamers, Liu added. AAStocks Financial News |
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