1 year 7 months ago
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Ubisoft today announced a partnership between Tencent and Guillemot Brothers Limited that will see the Chinese tech firm indirectly increase its stake in the publisher.
Tencent is investing €300 million ($297 million) into GBL for a 49.9% stake in the company, which owned almost 13% of Ubisoft shares before this deal.
It will also provide GBL with an long-term unsecured loan that could be used to buy a larger chunk of Ubisoft.