March 27 (Reuters) - Ubisoft Entertainment SA UBIP.PA:
UBISOFT ANNOUNCES THE CREATION OF A NEW SUBSIDIARY
TENCENT TO INVEST €1.16BN FOR MINORITY STAKE IN UBISOFT SUBSIDIARY
TRANSACTION VALUES ENTITY AT A PRE-MONEY ENTERPRISE VALUE OF C.EUR 4BN
TENCENT TO ACQUIRE APPROXIMATELY 25% ECONOMIC INTEREST IN NEW SUBSIDIARY
TRANSACTION EXPECTED TO COMPLETE BEFORE END OF 2025
NEW SUBSIDIARY TO HAVE DEDICATED LEADERSHIP TEAM AND BOARD OF DIRECTORS
MORE DETAILS ON GROUP'S FUTURE OPERATING MODEL WILL BE SHARED AT A LATER STAGE
NEW SUBSIDIARY WOULD INCLUDE THE TEAMS DEVELOPING THE TOM CLANCY’S RAINBOW SIX, ASSASSIN’S CREED AND FAR CRY FRANCHISES
TRANSACTION VALUES ENTITY AT PRE-MONEY ENTERPRISE VALUE OF €4BN
COMPLETION OF TRANSACTION IS EXPECTED BEFORE END OF 2025
Source text: nGNEbzSFbN
Further company coverage: UBIP.PA
(Gdansk Newsroom)
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