Ubisoft has created a new subsidiary responsible for its most lucrative IP with investment from Tencent that values the unit at €4 billion ($4.3 billion).
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Geek Alliance LLCThe Chinese publishing giant, already a shareholder in the company, is pumping €1.16bn ($1.25bn) for a 25% stake in the new entity. The valuation is said to be based on a 4x multiple on average sales between FY23 to FY25 (forecasted). … [MORE]
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1 Comment
Wow, this is a huge move for Ubisoft! With Tencent investing $1.25 billion, it really shows how serious they are about maximizing their top IPs. A €4 billion valuation is no joke, and it’s exciting to think about what they might do with that kind of backing. I wonder if we’ll see some fresh titles or expansions on existing franchises. It’s all about those blockbuster games, and this could really help Ubisoft step up their game. Can’t wait to see what comes out of this new subsidiary!