Reuters03-27
March 27 (Reuters) - French videogame maker Ubisoft UBIP.PA said on Thursday it has set up a subsidiary for its Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six brands.
China's Tencent 0700.HK will invest 1.16 billion euros ($1.25 billion) for a 25% stake in the new subsidiary, valued at about 4 billion euros, the group said in a statement.
($1 = 0.9254 euros)
(Reporting by Alban Kacher; Editing by Susan Fenton)
((alban.kacher@thomsonreuters.com; +48 58 769 65 87;))
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