Ubisoft and Tencent Might Join Forces for a New Venture
Game companies teaming up, drama guaranteed
Bloomberg reports that major players Ubisoft and Tencent are considering teaming up to create a new business venture. The collaboration would see some of Ubisoft's assets involved, though what those assets entail and their valuation is still under discussion.
This potential partnership could allow Tencent to own a stake in the new company and gain more control over certain Ubisoft intellectual properties. Tencent's aim is to expand its business reach beyond China's borders.
However, it's important to note that this is just one of several possibilities on the table, and no final decision has been reached by either company.
