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Liu Chiping: TENCENT's EUR1.16B Investment in Ubisoft Can Expand LT Partnership
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 (007...
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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)  -6.200 (-1.230%)    Short selling $1.96B; Ratio 13.546%   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.

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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.
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