News Snapshot:
Tencent invests in Ubisoft, will bring its franchises to mobile and PC in China About a month ago, it was reported that Tencent was looking to own a big chunk of Ubisoft. Now we know that its investment is more of a roundabout move to raise its stake in the company. Tencent isn’t taking over Ubisoft, but it is increasing its number of shares. Axios’ Stephen Totilo reported the news on Twitter. “[Tencent] is investing heavily in [Ubisoft,]” he writes, “announcing a new €300 million investment in Guillemot Bros, the company run by Ubisoft’s co-founders.” This investment allows the Guillemot...
