‘Assassin's Creed' Maker Carves Out €4 Billion Unit with Tencent [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
Company Research
Source: Yahoo! Finance
Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six into a subsidiary with an enterprise value of about €4 billion ($4.3 billion). Most Read from Bloomberg Why Did the Government Declare War on My Adorable Tiny Truck? How SUVs Are Making Traffic Worse Trump Slashed International Aid. Geneva Is Feeling the Impact. These US Bridges Face High Risk of Catastrophic Ship Strikes Affordable Housing Developers Stalled by Blocked Federal Funds Tencent Holdings Ltd. will invest €1.16 billion to acquire a 25% stake in the new entity, which will hold licenses for the intellectual property of the games in exchange for a royalty, the Paris-based video game maker said in a statement on Thursday. The deal represents a vote of confidence from Tencent, which already holds a 10% stake in Ubisoft, in the wake of a difficult few years since a pandemic-era lockdowns eased. The unit's €4 billion valuation is higher than the group's current enterprise value, implying Tencent believes the g
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