💨 Abstract

Ubisoft shares rose 10% on Friday after announcing a €1.16 billion investment from Tencent, which will establish a new subsidiary valued at around €4 billion. The subsidiary will focus on the Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six franchises, aiming to strengthen Ubisoft's balance sheet.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖