Assassin’s Creed Maker Ubisoft Plunges 17% After Chinese Giant Tencent Ups Stake


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Tencent has elevated its stake in French video games maker Ubisoft, the corporate behind in style franchises like Assassin’s Creed. But analysts mentioned this has successfully closed the door on a full takeover of the corporate. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shares of video games developer Ubisoft plunged greater than 17% on Wednesday after prospects of a full takeover have been dampened following a transfer by Chinese tech giant Tencent to extend its stake within the firm. On Tuesday, the 2 corporations introduced that Tencent invested 300 million euros ($296.9 million) in Guillemot Brothers Limited,...