Ubisoft cut its 2024-2025 fiscal year guidance due to poor management execution and game launch delays, notably Assassin’s Creed Shadows. Tencent is a likely buyer for Ubisoft, with the ...

Ubisoft and Tencent have announced a new "dedicated subsidiary" that will "will focus on building game ecosystems designed to become truly evergreen and multi-platform" in the Assassin's Creed ...

Ubisoft has announced that they have laid off 19 employees at Red Storm as part of their 'ongoing, targeted restructuring'.

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.

Ubisoft (OTCPK:UBSFY) dropped about 30% since the March 27th announcement of a $1.25B Tencent (OTCPK:TCEHY) deal that, if successful, could mark a consequential bounce back for the beaten gaming ...

Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands.

Tencent—which purchased nearly 50% of Guillemot Brothers in 2022—holds 9.2% of Ubisoft’s net voting rights, or power in voting by shareholders, while the Guillemot family has about 20.5% ...

As mentioned, this subsidiary will be receiving a huge injection of cash from Tencent. Ubisoft says the investment totals €1.16 billion, which equates to $1.25 billion / £966 million in current ...

Tencent already owns around 9% of Ubisoft through previous investments (which helped fend off Vivendi in the past), and reports back in 2022 revealed Tencent wanted to increase its ownership in ...

Despite Tencent's $1.25 billion funding round earlier this year, Ubisoft concluded further structural adjustments were needed ...

Tencent and Assassin's Creed maker Ubisoft are considering a buyout.. That's according to a new report from Bloomberg, which noted the video game developer had lost more than half its market value ...