Assassin's Creed maker gets $1.25bn Chinese investment

Assassin's Creed maker gets $1.25bn Chinese investment Tencent, which is one of the world's biggest video games developers, is also known for its internet-based services, including the hugely popular messaging app WeChat. The unit will run some of the French firm's biggest franchises, including Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six. Shenzhen-based Tencent will own about a quarter of the new business, with Ubisoft holding the rest of the new subsidiary, which is valued at around €4bn. Chinese technology giant Tencent has made a €1.2bn ($1.25bn; £1bn) investment in a spin-off from Ubisoft, the maker of the Assassin's Creed video games. "Today Ubisoft is opening a new chapter in its history," Yves Guillemot, Ubisoft's co-founder and chief executive said in a statement. Tencent, which is China's most valuable company, is now Ubisoft's second biggest shareholder with a stake of just under 10%. "We are excited to extend our longstanding partnership with Ubisoft throug ... Read full article.