French videogame maker Ubisoft said on Thursday it has set up a subsidiary in which China's Tencent will invest 1.16 billion euros ($1.25 billion).

Ubisoft has established a new subsidiary, backed by the Chinese conglomerate Tencent, in a major strategy change.

Ubisoft is spinning off some of its top franchises, including "Assassin’s Creed," "Far Cry" and "Rainbow Six," into a new subsidiary funded by Tencent.

Taken together with the recent and similarly random 60 FPS patching of Assassin’s Creed Syndicate, Origins, and Odyssey, as ...

adding it "appears to be driven by the Guillemot family's desire to retain effective control of the Ubisoft parent." The investment bank's analysts added that "it's not clear to us that the ...

Ubisoft Entertainment SA (OTCPK ... muscled around by significant stakes from the Guillemot family in league with Tencent, which has a major strategic angle, will benefit. The direction of the ...

Tencent cannot increase its stake for the next five years -- unless Ubisoft loses its majority in the mean time. Chief executive Yves Guillemot called the step a "new chapter in (Ubisoft's ...

"Today Ubisoft is opening a new chapter in its history," Yves Guillemot, Ubisoft's co-founder and chief executive said in a statement. Tencent is now Ubisoft's second biggest shareholder with a ...

The Apple TV+ comedy "Mythic Quest" has been canceled, Variety has learned. But the show is getting a new finale episode with a new ending ...