Ubisoft has introduced a serious strategic partnership with Tencent.
The Chinese language gaming big is ready to amass a 49.9% financial stake with 5% voting rights in Guillemot Brothers Restricted, the holding firm of Ubisoft’s founders.
Tencent’s funding in Guillemot Brothers Restricted is 300 million euros ($297 million).
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Individually, Ubisoft licensed Tencent to extend its direct stake within the Murderer’s Creed writer from 4.5% to 9.99% of capital or voting rights, a stake that can not be elevated for eight years.
Ubisoft mentioned the partnership with Tencent “covers the event of cell video games from a number of of Ubisoft’s core franchises and the launch of a number of Ubisoft PC titles in China.”
The deal didn’t change the administration of the French writer and the Guillemot household retains sole management of Guillemot Brothers Restricted.