Tencent increases its stake in 'Assassin's Creed' maker Ubisoft

Tencent increases its stake in 'Assassin's Creed' maker Ubisoft

FILE PHOTO: A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo

Chinese tech giant Tencent is increasing its minority stake in Ubisoft in a deal with the company’s founding family that values France’s biggest video game maker at more than 10 billion euros amid a wave of buyouts in the industry.