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Ubisoft seen up 13-15% after it sets up Tencent-backed subsidiary
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Ubisoft seen up 13-15% after it sets up Tencent-backed subsidiary
Mar 28, 2025 1:21 AM

(Reuters) - Shares in Ubisoft were seen up 13-15% premarket on Friday after the French video-game maker announced plans to set up a unit with Tencent ( TCTZF ), two traders said.

Assassin's Creed creator said on Thursday it had set up a unit valued at around 4 billion euros in which Tencent ( TCTZF ) will invest 1.16 billion euros ($1.25 billion), and which will bring together the Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six brands.

($1 = 0.9268 euros)

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