💨 Abstract

French video game company Ubisoft announced a subsidiary investment of 1.16 billion euros ($1.25 billion) from China's Tencent. The new entity, valued at around 4 billion euros, will consolidate the Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six brands. The deal is expected to be finalized by the end of 2025.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖