Tencent has invested $1.25 billion in a new spin-off from Ubisoft, giving it a 25% stake in a company valued at $4 billion. This venture will focus on running major franchises like Assassin's Creed and Far Cry. The investment comes as Ubisoft faces challenges such as falling stock values and delays in game launches. Ubisoft aims to refocus on its key titles while Tencent, as its second-largest shareholder, seeks to bolster its presence in the international gaming market. Both companies express excitement about this strengthened partnership.
"Today Ubisoft is opening a new chapter in its history," Yves Guillemot, Ubisoft's co-founder and chief executive said in a statement.
"We are excited to extend our longstanding partnership with Ubisoft through this investment," Martin Lau, President of Tencent, said.
"Ubisoft has all these great games, like Assassin's Creed, that it's known for that recently haven't delivered so much for fans," video games journalist Shannon Liao told the BBC.
Ubisoft's stock market value has fallen sharply in recent years after delays to the launches of new games and falling sales.
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