January 28, 2023

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.

Tencent acquires stake in Ubisoft family holding