By Maitane Sardon
Shares in Ubisoft climbed after the videogame maker said Tencent has completed the investment in Vantage Studios, a new Ubisoft subsidiary built around its Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six franchises.
In European morning trading, shares were up 11% at 7.77 euros.
The deal values Vantage Studios at 3.8 billion euros ($4.38 billion) before investment and including debt, and gives Ubisoft 1.16 billion euros in cash proceeds, the company said.
"[Today's closing] marks a pivotal milestone in Ubisoft's ongoing transformation", Ubisoft's co-founder and chief executive Yves Guillemot said.
The proceeds will strengthen the group's balance sheet, help it reduce debt and fuel future investments, Guillemot added.
After the investment, Tencent owns 26.32% stake in Vantage, which remains fully controlled by Ubisoft, the company said.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
November 24, 2025 04:10 ET (09:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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