Ubisoft And Tencent Could Create A "New Venture" As Part Of Major Change
A new report may contain fresh clues about the apparent partnership between Ubisoft and Tencent, Ubisoft's fortunes continue to slide and the company looks for a way forward.
Bloomberg reported that Ubisoft and Tencent are considering, among other options, "creating a new venture" that could include "certain Ubisoft assets." The overall aim is to improve the company's value, sources said. The two companies are now "evaluating which assets to include in a new entity and their valuation," the report said, citing anonymous sources.
Should a deal come together, Tencent could "gain more control over" some of Ubisoft's franchises, the report said, adding that Tencent would also benefit from improving its own business results outside of China.
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