Ubisoft studios VP tells employees that uncertain times are ahead and that the org currently doesn't have all the answers regarding the Tencent deal.
Prudential Financial Inc. reduced its position in shares of Tencent Music Entertainment Group (NYSE:TME – Free Report) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
HONG KONG, April 1, 2025 /PRNewswire/ -- Tencent Cloud, the cloud business of global technology company Tencent, today announced that it is once again recognized as a Representative Vendor in the newly published Gartner® Market Guide for Video Platform Services report.
Tencent Holdings Ltd. outlined plans to sharply raise spending on AI infrastructure after posting its fastest pace of revenue growth since 2023, showing that China’s most valuable company is intent on keeping pace with rivals in the post-DeepSeek era.
Ubisoft shares rose more than 10% on Friday after the French video game maker announced plans to set up a subsidiary in which Tencent will invest 1.16 billion euros. The creator of Assassin's Creed said on Thursday the new subsidiary would be valued at around 4 billion euros ($4.
Chinese tech titan Tencent is set to invest $1.25 billion in French video game maker Ubisoft, in exchange for a 25% stake in a new subsidiary of the "Assassin's Creed" publisher.
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Ubisoft's stock price has fallen by double digits, which has erased the value it gained in the days after the new Tencent deal was announced.