Sponsored Ad | Levenstein Crypto Conference - Leaderboard

Shares of French video game maker Ubisoft jump after Tencent invests in new unit

Shares of French video game maker Ubisoft jump after Tencent invests in new unit

FILE PHOTO: UbiSoft Entertainment logo is seen at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 27, 2024. REUTERS/Sarah Meyssonnier/File Photo

Ubisoft shares rose as much as 12% on Friday after it announced plans to set up a subsidiary in which Tencent will invest 1.16 billion euros, as the French video game maker seeks to recover from weak performance in 2024.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter