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China’s Tencent Looks to Buy in to Ubisoft

It looks like the French are onboard with China buying in to one of their biggest corporations, Ubisoft.  Tencent, the CCP owned and run corporation, is going to be allowed to invest $297 million, which buys a lot of influence over a creator serving a world market.

China Invests in Ubisoft

NEWSWATCH BLURB:

Tencent invests $297 million in Assassin’s Creed creator Ubisoft www.washingtonpost.com
Excerpt:

Tencent has made a $297 million investment into Assassin’s Creed maker Ubisoft. Ubisoft announced Tuesday that Tencent acquired a minority stake in Guillemot Brothers Limited, the company through which Ubisoft’s founders have managed the greater Ubisoft corporation. Ubisoft CEO and co-founder Yves Guillemot said Tencent’s increased stake was done to secure Ubisoft’s value for the future. Martin Lau, president of Tencent, said this strengthened partnership will also bolster both companies’ footprint in the mobile gaming market.

“We are excited to expand our engagement with the founders, the Guillemot family, as Ubisoft continues to develop immersive game experiences, and to bring some of Ubisoft’s most well-known AAA franchises to mobile,” Lau said in a news release. “This agreement also aligns with our philosophy to invest alongside creative founders with full confidence that they will lead their companies to new heights.”

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