News Snapshot:
Chinese tech giant Tencent Holdings is increasing its minority stake in Ubisoft in a deal with the company’s founding family that values France’s biggest video game maker at more than €10 billion (US$9.88 billion) amid a wave of buyouts in the industry. The deal underscores the appetite of deep-pocketed Chinese gaming giants for foreign studios and comes just a week after the acquisition by NetEase of unlisted French video games maker Quantic Dream. It also caps a difficult four-year period at Ubisoft, home to the Assassin’s Creed and Tom Clancy’s video game franchises, marked by a succession of delays of...
