Assassin’s Creed maker Ubisoft plunges 17% after Chinese giant Tencent ups stake Ironity


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Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full takeover of the company. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shares of games developer Ubisoft plunged more than 17% on Wednesday after prospects of a full takeover were dampened following a move by Chinese tech giant Tencent to increase its stake in the company. On Tuesday, the two companies announced that Tencent invested 300 million euros ($296.9 million) in Guillemot Brothers Limited, amounting to a 49.9%...