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China's Tencent raises stake in 'Assassin's Creed' maker Ubisoft

By Mathieu Rosemain, Tassilo Hummel and Julie Zhu

Sep 8 2022 8:49AM

Tencent will be Ubisoft's biggest shareholder.

China's Tencent raises stake in 'Assassin's Creed' maker Ubisoft

Tencent is raising its stake in Ubisoft Entertainment SA in a deal that values France's biggest games developer at about US$10 billion, as deep-pocketed Chinese tech majors continue their overseas search for growth. Interest in Ubisoft comes as the world's largest games firm by revenue counters ...

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