Tencent Holdings Ltd UNS ADR (TCEHY)
Tencent-backed China Ruyi aims to raise up to $500 million in convertible bonds, sources say
Streaming media firm China Ruyi Holdings , backed by gaming and internet company Tencent , is aiming to raise between $300 million and $500 million in convertible bonds next week, two sources with knowledge of the plan said.
Tencent Makes a $1.25 Billion Bet On Ubisoft's 'Assassin's Creed' and 'Far Cry'
Assassin's Creed maker Ubisoft is creating a new unit with China's Tencent to handle its most popular franchises, including Assassin's Creed, Far Cry and Rainbow Six. The new unit will be worth more than $4 billion.
Ubisoft shares surge as Tencent invests in new unit housing franchises like Assassin's Creed
Shares of Ubisoft Entertainment surged on Friday after the French video game company announced plans to create a new subsidiary that will house some of its most popular franchises. Chinese tech giant Tencent will invest €1.16 billion ($1.
Assassin's Creed-maker Ubisoft's shares surge 11% on deal to spin off top game franchises
Ubisoft shares surged 11% Friday after revealing plans to form a new gaming subsidiary backed by Tencent. Tencent will invest 1.16 billion euros ($1.25 billion) into the unit in a transaction valuing it at 4 billion euros.
China's tech giant Tencent: what you need to know
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.
China's Tencent ploughs €1.2bn into Assassin's Creed spin-off company
Tencent Holdings (HKG:0700, OTC:TCEHY) has invested €1.2 billion in a new Ubisoft Entertainment (OTC:UBSFF, EPA:UBI) spin-off that will manage several of the French gaming firm's flagship franchises, including Assassin's Creed, Far Cry and Rainbow Six. The deal values the new entity at around €4 billion.
Ubisoft seen up 13-15% after it sets up Tencent-backed subsidiary
Shares in Ubisoft were seen up 13-15% premarket on Friday after the French video-game maker announced plans to set up a unit with Tencent , two traders said.
Tencent invests $1.25B in Ubisoft's new core games operating division
Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six brands.
Assassin's Creed creator Ubisoft sets up 4 billion euro subsidiary, backed by Tencent
French videogame maker Ubisoft said on Thursday it has set up a subsidiary in which China's Tencent will invest 1.16 billion euros ($1.25 billion).
Ubisoft spins out new unit for Assassin's Creed and other games, Tencent to take $1.25 billion stake
Ubisoft on Thursday announced it's setting up a new subsidiary that will focus on its gaming brands Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six. Chinese technology giant Tencent will invest 1.16 billion euros ($1.25 billion) into the unit.
Tencent (TCEHY) Upgraded to Buy: Here's What You Should Know
Tencent (TCEHY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Tencent: Navigating Growth Deceleration, Competition, And AI Uncertainties
Tencent's 4Q24 results show 11% revenue growth and 30% earnings growth, but innovation challenges persist in gaming, relying on aging titles. Advertising growth is driven by social and media properties, but competition from Bytedance and Redbook raises concerns about sustainability. Investment in AI is a double-edged sword, potentially enhancing business segments but increasing geopolitical risks and overestimated market impact.
