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HomeTechUbisoft seen up 13-15% after it sets up Tencent-backed subsidiary

Ubisoft seen up 13-15% after it sets up Tencent-backed subsidiary

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(Reuters) – Shares in Ubisoft were seen up 13-15% premarket on Friday after the French video-game maker announced plans to set up a unit with Tencent, two traders said.

Assassin’s Creed creator said on Thursday it had set up a unit valued at around 4 billion euros in which Tencent will invest 1.16 billion euros ($1.25 billion), and which will bring together the Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands.

($1 = 0.9268 euros)

(Reporting by Johan Bodinier and Alessandro Parodi; editing by David Evans)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.

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