Tencent Bets $297 Million On Assassin's Creed Machine

The Chinese company will indirectly become one of Ubisoft's biggest investors

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Tencent Bets $297 Million On Assassin's Creed Machine

Tencent has dumped another small fortune into one of gaming’s biggest companies. Ubisoft announced on Tuesday that the Chinese conglomerate would being increasing its investment in the Assassins’ Creed maker by nearly $300 million through an elaborate set of financial maneuvers.

 

Namely, rather than buy up shares of Ubisoft directly, Tencent is buying a 49.9 percent economic stake in Guillemot Brothers Limited, the chief investment vehicle through which Ubisoft’s founders have managed their control of the French publisher over the years. This is in addition to a 4.5 percent stake it already had in Ubisoft. Tencent paid almost double what the shares are currently worth to make it happen.

https://kotaku.com/assassins-creed-tencent-acquisition-far-cry-delay-1849500726

 

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