Ubisoft establishes new subsidiary with €1.16 billion investment from Tencent

Ubisoft establishes new subsidiary with €1.16 billion investment from Tencent

Ubisoft has announced the establishment of a dedicated subsidiary based on its Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six brands, spearheaded by an investment of €1.16 billion from Chinese conglomerate Tencent, who will retain a 25 percent minority stake in the subsidiary. The new subsidiary will focus on “building game ecosystems designed to become truly evergreen…

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      LightSpeed Studios unveils original IP strategy, including new AAA action game by Hideaki Itsuno

# LightSpeed Studios unveils original IP strategy, including new AAA action game by Hideaki Itsuno

LightSpeed Studios has revealed its “Original IP Initiative,” a new strategic focus centered on developing original titles, including an AAA original action game by Hideaki Itsuno. Get the details below. LightSpeed Studios Commits to Development of Original Game Intellectual Property Recognizing that innovation drives player engagement, LightSpeed Studios is sharpening its approach and announcing its…

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      Tencent acquires majority stake in Kuro Games

# Tencent acquires majority stake in Kuro Games

Tencent has acquired approximately 37 percent of the shares of Wuthering Waves developer Kuro Games from Hero Entertainment, and now holds a 51.4 percent controlling stake in the company. Tencent is now also the only external shareholder of Kuro Games. In an internal memo, Kuro Games said that while Tencent’s shares now surpass those held…

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