[germainebull]

Ubisoft has announced the completion of Tencent’s investment in a new Vantage Studios unit that will build on major franchises such as Assassin’s Creed Far Cry and Rainbow Six. The deal values ​​Vantage at €3.8 billion and Tencent has paid €1.16 billion in cash for a 26.32 percent stake.

Ubisoft still retains exclusive control of the subsidiary and the agreement states that Tencent must retain that stake for five years unless Ubisoft loses a majority interest. Ubisoft must also retain control for at least two years. If the ownership changes in a board approved deal, Ubisoft can buy Tencent’s shares at market price, but if they refuse, Tencent can force a sale.

The move shows Ubisoft wants to strengthen its franchises while receiving financial support from Tencent without losing control. It’s a strategic partnership that could bring new energy to the gaming industry.


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Reuters

[ptrikha21]

Sounds like a good deal.
I am not much into Gaming so not much familiar with Ubisoft but I hope that deal comes on good enough.

[germainebull]

The Ubisoft and Tencent deal looks very heavy because when big companies get together, it often has a big impact on the gaming industry. This could bring new projects and also expand their market to more gamers.

For gamers, this is good news because it means there is a chance to get fresh content and great support. Partnerships like these often bring innovation and also increase competition. It's good vibes to see gaming moving forward and big deals being made.