‘Assassin’s Creed’ Maker Ubisoft Jumps After Games Carve Out

March 28, 2025, 8:38 AM UTC

Ubisoft Entertainment SA shares jumped as much as 10% after the video game maker said it will carve out a unit including Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six into a subsidiary with an enterprise value of about €4 billion ($4.3 billion).

Tencent Holdings Ltd. will invest €1.16 billion to acquire a 25% stake in the new entity, which will hold licenses for the intellectual property of the games in exchange for a royalty, the Paris-based video game maker said in a statement on Thursday.

The deal represents a vote of confidence from Tencent, which already holds ...

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