India, March 28 -- French video game maker Ubisoft revealed that Chinese gaming studio Tencent agreed to invest about 1.16 billion euros, or about $1.25 billion for a 25 percent stake in its new subsidiary.
The Shenzhen-based company will own roughly a quarter of the new business, while Ubisoft will retain the remaining stake. The new subsidiary is valued at around 4 billion euros.
The unit will manage some of Ubisoft's biggest franchises, including Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six.
Tencent, one of the world's largest video game developers, is also renowned for its internet services, notably the widely used messaging app WeChat.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
...