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Tencent increases stake in Ubisoft’s holding company, looks to launch mobile games

  • Tencent announced that it had acquired a 49.9% economic stake in Guillemot Brothers Limited, which holds the largest stake within Ubisoft, at €300 million.
  • As part of the deal, Tencent will be allowed to increase its stake in Ubisoft to 9.99%. It also revealed that it hopes to bring more of Ubisoft’s AAA franchises to mobile.

[Via]