readsprevioussectionsour storyhomepage
talkssupportupdatesconnect

Ubisoft Creates New Gaming Division; Tencent to Acquire Significant Stake

March 28, 2025 - 00:13

Ubisoft Creates New Gaming Division; Tencent to Acquire Significant Stake

Ubisoft Entertainment SA has announced the establishment of a new subsidiary that will encompass some of its most popular franchises, including Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six. This strategic move comes as part of a broader effort to streamline operations and enhance the value of its key gaming properties. The new division is projected to have an enterprise value of approximately €4 billion, equivalent to around $4.3 billion.

In a significant development, Tencent, the Chinese gaming giant, is set to acquire a 25% stake in this newly formed unit. This partnership is expected to bolster the subsidiary's growth potential and provide access to Tencent's extensive resources and expertise in the gaming industry. The collaboration aims to leverage both companies' strengths to create innovative gaming experiences and expand their reach in the global market. As the gaming landscape evolves, this strategic realignment positions Ubisoft to capitalize on emerging opportunities while reinforcing its commitment to delivering high-quality gaming content.


MORE NEWS

These Games Destroyed the Studios That Built Them

June 12, 2025 - 18:45

These Games Destroyed the Studios That Built Them

In the competitive world of video game development, some titles have proven to be catastrophic failures, leading to the collapse of the studios that created them. A handful of games stand out for...

Wuchang: A Gripping Preview of the Upcoming Soulslike Experience

June 12, 2025 - 11:19

Wuchang: A Gripping Preview of the Upcoming Soulslike Experience

505 Studios` latest title, Wuchang, promises to deliver a captivating blend of beauty and brutality in the soulslike genre. After experiencing the playable demo during the Summer Game Fest, it`s...

Hands-On: Sega’s Latest Racer Unites the Best Elements of Sonic Racing Games

June 11, 2025 - 19:05

Hands-On: Sega’s Latest Racer Unites the Best Elements of Sonic Racing Games

Sega has unveiled its newest racing game, Sonic Racing CrossWorlds, which promises to deliver an exhilarating experience for fans of the franchise. This latest installment combines the beloved...

Insights on AI's Role in the Video Game Industry

June 11, 2025 - 10:54

Insights on AI's Role in the Video Game Industry

Michael Pachter, a prominent figure in equity research, recently shared his thoughts on the evolving landscape of the video game industry, particularly focusing on the integration of artificial...

read all news
readsprevioussectionssuggestionsour story

Copyright © 2025 JoyPlayX.com

Founded by: Francesca West

homepagetalkssupportupdatesconnect
terms of usecookie infoprivacy