person using computer playing FPS game

Ubisoft is still open to new deals after Tencent raises stake in the company

  • Ubisoft, France’s biggest video games maker, is still open to other partners after a deal in which China’s Tencent will raise its stake in the company, its co-founder and CEO Yves Guillemot said on Thursday.
  • Ubisoft burnt through about 200 million euros in cash operationally during its 2020/2021 financial year, having generated 169 million of operational cash flow the year before.