Ubisoft Shares Jump After Tencent Completes Investment in Vantage Studios
By Maitane Sardon
Shares in Ubisoft climbed after the videogame maker said Tencent has completed the investment in Vantage Studios, a new Ubisoft subsidiary built around its Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six franchises.
In European morning trading, shares were up 11% at 7.77 euros.
The deal values Vantage Studios at 3.8 billion euros ($4.38 billion) before investment and including debt, and gives Ubisoft 1.16 billion euros in cash proceeds, the company said.
"[Today's closing] marks a pivotal milestone in Ubisoft's ongoing transformation", Ubisoft's co-founder and chief executive Yves Guillemot said.
The proceeds will strengthen the group's balance sheet, help it reduce debt and fuel future investments, Guillemot added.
After the investment, Tencent owns 26.32% stake in Vantage, which remains fully controlled by Ubisoft, the company said.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
November 24, 2025 04:25 ET (09:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States